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Mirko Kovats
A-Tec: Quota Reaches 39%
The insolvent A-Tec Group pays out the insolvency quota next week.
November 7, 2012
A-Tec´s Quota to Reach 30%
In July, the insolvency quota of A-Tec will be paid to creditors. The quota will range from 30% to 35%.
February 10, 2012
Emco With Growth Plans
The new owner of the former A-Tec subsidiary, now can begin to realize its expansion plans.
December 27, 2011
Many Applicants in Emco Sale
The Austrian mechanical engineering company, which is a subsidiary of the insolvent A-Tec group, is highly sought-after. The sale price is estimated to reach € 30m.
December 19, 2011
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
A-Tec: Investigations Against Kovats
Investigations by the Austrian Public Prosecution Authority against the CEO of A-Tec, Mirko Kovats, proceed. The suspicions are massive.
November 19, 2011
Kovats Complains against Court Order
A-Tec’s outgoing CEO challenges a court decision as he sees an infringement of his property rights.
November 3, 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
ATB is Optimistic to Find a New Buyer
The subsidiary of the insolvent A-Tec corporation is looking for a new owner. Now, it is important to find a quick solution.
October 10, 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
A-Tec: Investors Call Kovats to Resign
The founder and CEO of the Austrian technology group A-Tec Mirko Kovats comes under fire. Wilhelm Rasinger from the Austrian investor´s representation asks Kovats and the liquidator Matthias Schmidt to step down.
October 3, 2011
A-Tec to be Dissolved
The Austrian technology company, which should have been sold as a whole, could not find a buyer. The remaining assets will now be offered separately.
October 1, 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
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: Kovats to Step Back by Year-End
The CEO of the insolvent Austrian group wants to finalize the deal with an investor before resigning from his position. Negotiations with Penta have been suspended.
September 1, 2011
A-Tec: Supervisory Board Postpones Decision to September
A decision on the sale of the insolvent conglomerate will not be taken before 2 September. Penta Investments is irritated by the offer of a competing bidder.
August 26, 2011
Kovats with New Plans for A-Tec
According to a new proposal, Penta Investments should only take over part of the Austrian conglomerate. CEO Kovats has submitted an own offer with financial support from a Pakistani billionaire.
August 24, 2011
Further Delay in Sale of A-Tec
The group’s supervisory board has asked for expert advice on the sales process. A decision might be taken at the end of August.
August 18, 2011
Positive Half-Year Results for A-Tec
The Austrian conglomerate achieved a net profit of € 24.6m in the first six months of the year. Revenue increased by 15.8%.
August 11, 2011
Sale of A-Tec Imminent – Mirko Kovats Attacks Politicians and Banks
The Austrian conglomerate’s negotiations with investors are about to be concluded. CEO Kovats criticized banks for being “no help in securing jobs”.
August 11, 2011
ATB Returns to Profitability
The subsidiary of the insolvent A-Tec group achieved an increase in revenue of 18% in the first half of the year. EBIT turned positive to € 9.9m.
August 10, 2011
House Searches at A-Tec’s Management
Serious allegations have been made against Board Members of the Austrian conglomerate which is currently negotiating with potential investors. Eight houses have been searched.
July 20, 2011
A-Tec: Kovats Wants to Stay on Board
CEO Mirko Kovats does not want to give up control over the Austrian conglomerate. He is trying to push through a sale to his favorite bidder which would give him a role in the group.
July 15, 2011
A-Tec Received Binding Offers from Investors
Investors will need at least € 210m in order to fulfill the payout plan. Up to five potential buyers were still interested in an acquisition.
July 1, 2011
Five Investors Still Interested in A-Tec
A-Tec boss Mirko Kovats has to find a buyer for his insolvent group by June 30. Investors will need at least € 225m in order to fulfill the payout plan.
June 24, 2011
Bilfinger Berger to Acquire Subsidiary of AE&E
The Czech subsidiary of the insolvent plant manufacturer will become part of the German construction group Bilfinger Berger.
June 20, 2011
Record Loss for A-Tec in 2010
The insolvent company reported a loss of € 585m. Nonetheless, CEO Kovats sees a positive development and remains optimistic.
June 15, 2011
Penta Investments Interested in A-Tec
Time is pressing. A decision has to be made by the end of June.
May 27, 2011
Interest in Acquiring A-Tec
The Austrian restructurer Erhard Grossnig is interested in acquiring parts of the insolvent A-Tec Group.
April 22, 2011
A-Tec: Restructuring With Success Prospects
The insolvent A-Tec Group might actually succeed in completing its reorganization. An investor has yet to be found by the end of June.
April 7, 2011
Kovats Stays On as CEO of A-Tec
The restructuring plan for the insolvent A-Tec has been approved by the shareholders. Due to the lack of an alternative, Kovats stays.
February 12, 2011
Kovats also Suffers Private Plight
The chairman of the insolvent A-Tec, Mirko Kovats, has to grant Raiffeisen liens on his personal properties
December 31, 2010
Creditors Wish Kovat´s Retreat
The creditors of the insolvent Austrian technology Group A-Tec prefer Mirko Kovats to retreat from his position as CEO.
December 30, 2010
A-Tec: Restructuring Plan Accepted
The survival of the Austrian A-Tec is provisionally secure. An investor has to be found until mid-year.
December 30, 2010
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
Doubts Over Kovats’s Restructuring Plan
The value of AE&E Group is dubious. Kovats could have problems with the quota.
December 10, 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
Kovats Remains CEO of A-Tec for the Time Being
Despite the resignation offer to the creditors Mirko Kovats, majority owner and founder of bankrupt A-Tec, stays on as CEO.
December 6, 2010
A-Tec in the Red
The insolvent Vienna Stock Exchange listed company undergoes sales declines and a negative EBIT.
November 30, 2010
A-Tec: Kovats’s Prestige Projects on the Brink
Due to the insolvency of the A-Tec Group. founder and CEO Mirko Kovats will have to give up prestigious projects such as his A-Jet.
November 29, 2010
Insolvency of AE&E
No agreement over the purchaser of the AE&E subsidiary could be reached. However, Andritz is still considered as a prospective buyer.
November 26, 2010
AE&E: Next Insolvency is Coming Up
A subsidiary of the insolvent AE&E group in Raaba is negotiating with the Styrian plant manufacturer Andritz. They have time until Friday.
November 25, 2010
AE&E Files Insolvency Application
After weeks of negotiations between AE&E's creditor and the banks, no continuation is possible. Talks ended without reaching an agreement.
November 24, 2010
AE&E: Survival Less Likely Every Moment That Goes By
While the participants at the negotiating table constantly change, bankruptcy is imminent. An A-Tec without AE&E is now being worked on.
November 22, 2010
AE&E: Negotiations Under High Pressure
The negotiators must reach an agreement still today in order to avoid the insolvency of the industrial plant manufacturer AE&E.
November 18, 2010
A-Tec: New Hopes with Ronny Pecik?
Pecik, a former associate of Kovats might get again into A-Tec. Several years ago, the investors separated because of differences.
November 17, 2010
AE&E: Staff asks for continuity concept
The staff of A-Tec's subsidiary AE&E (Austrian Energy & Environment) call on the negotiators in the restructuring process to ensure continuity.
November 17, 2010
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