EANS-Adhoc: A-TEC Industries AG A-TEC Industries AG accepts offer to fulfill
the restructuring plan.
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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
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C.E.O. Interviews/offer accept restructuring plan
05.09.2011
Vienna, September 5th, 2011: A-TEC INDUSTRIES AG (ISIN AT00000ATEC9) ("A-TEC")
announces, that A-TEC has accepted the offer of Contor Industries GmbH dated
30.6.2011 to fullfil the 47% quota under the restructuring plan of A-TEC dated
29.12.2010 through acceptance of the following offers:
1. The offer of Wolong Holding Group Co. Ltd to purchase all shares held by
A-TEC in ATB Austria Antriebstechnik Aktiengesellschaft.
2. The offer of Solstice International Investments Inc to acquire all shares in
Minerals&Metals Holding GmbH.
3. (a) The offer of PalmSquare International FZC to purchase from A-TEC
Beteiligungs GmbH the Voitsberg power plant.
(b) Alternatively the bridge financing offer in the requisite amount extended
by Wolong to A-TEC.
All payments resulting from the offers must be made no later than 30.9.2011 to
the fiduciary account of Dr Matthias Schmidt, attorney at law. The payments
shall, together with the funds already deposited with the trustee, enable the
fulfillment of the restructuring plan quota.
The strategies underlying the offers were discussed with the main financing
banks and credit insurers of the divisions and the offers were improved in line
with the latters´ requests.
Further inquiry note:
Nicole Berger-Akin, B.A.
Tel: +43 1 22760 - 108
Email: nicole.berger-akin@a-tecindustries.com
end of announcement euro adhoc
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issuer: A-TEC Industries AG
Wächtergasse 1
A-1010 Wien
phone: +43 1 22760
FAX: +43 1 22760-160
mail: office@a-tecindustries.com
WWW: http://www.a-tecindustries.com
sector: Holding companies
ISIN: AT00000ATEC9
indexes: Standard Market Continuous
stockmarkets: official market: Wien
language: English
ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. Company Information 20.01.2011 Vienna, 20 January 2011 - The Management Board of A-TEC Industries AG (ISIN AT00000ATEC9) announces that the sale of its holding in the Dörries Scharmann Group to the ...
ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. Company Information 29.12.2010 Vienna, 29 October 2010. The board of executive directors announces that the creditors of A-TEC Industries AG (ISIN AT 0000499272) accepted the 47% quota. end of ...