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Brixlegg

Sale of Brixlegg Concluded

The former copper-division of the insolvent Austrian A-Tec Group has been sold to the Swiss Umcor AG.

February 10, 2012

Interest for A-Tec Subsidiary Brixlegg

The copper segment of the insolvent Austrian A-Tec group could find a new owner soon. An Austrian aluminum trader intends to purchase Brixlegg.

November 26, 2011

Sale of A-Tec Problematic

The insolvent Austrian A-Tec corporation, which is currently being dissolved, faces several problems. The sale of the remaining subsidiaries Brixlegg and Emco could be delayed.

November 2, 2011

A-Tec: Kovats to be Replaced

Mirko Kovats, CEO of the Austrian A-Tec, will be replaced from his positions in order to avoid further “disturbances”.

October 22, 2011

Kovats Blames Creditors and Penta

Mirko Kovats, CEO of the A-Tec group, makes the Czech investment group Penta and the banks responsible for the failed restructuring plan

October 4, 2011

Dispute Over A-Tec´s Liquidation

After the Sale of the insolvent Austrian A-Tec has failed, the subsidiaries will be sold separately. Austrian politicians warn of the loss of jobs, technology and tax revenue.

October 3, 2011

A-Tec: Kovats Cancels Sale to Contor

The Austrian conglomerate needs another € 90m in order to fulfill the restructuring plan. A new general meeting will be held.

September 28, 2011

Sale of A-Tec on the Brink of Failure

The Supervisory Board of the insolvent technology group wants to take up negotiations with Penta Investments again after a Pakistani investor pulled out of the deal.

September 22, 2011

A-Tec Accepts Offer of Contor Industries

After several months of negotiations a decision has been made: The group will be split up, ATB and Montanwerke Brixlegg will be sold to foreign investors.

September 5, 2011

A-Tec: Significant Increase of Quota is Probable

According to what is being heard about the negotiations of the creditors, it is clear that the quota should be increased. The vote on the restructuring plan takes place on Wednesday.

December 28, 2010

Critical Phase for A-Tec

Next Wednesday the insolvent company’s restructuring plan will be submitted. Afterwards, there will remain two weeks remain for the adoption of the concept.

December 28, 2010

A-Tec Quota Too Low for Creditors

The group has not defined an overall quota yet. What is certain, however, is that the current offer will be too low for the creditors.

December 17, 2010

Kovats Has to Increase Quota

The remaining divisions of the insolvent A-Tec Group are being valued. Kovats will not be able to avoid an increase of the quota for the creditors.

December 8, 2010