Austrian Energy & Environment (AE&E) has filed for bankruptcy just weeks after its owner A-Tec Industries AG (A-Tec) was forced to open insolvency procedures.A-Tec said it failed to find an investor for AE&E, which is its biggest subsidiary. The firm held takeover talks with Styrian company Andritz, Austrian businessman Ronald Pecik and a string of […]
Time seems to be running out for struggling industrial firm A-Tec Industries AG as potential investors keep abandoning negotiations.Austrian businessman Ronald Pecik confirmed today (Fri) he saw “no sense” in acquiring A-Tecs subsidiary Austrian Energy & Environment (AE&E) because of its high debts and liabilities.This announcement comes after Hong Kong-based merchant banking company Mass Financial […]
Staff representatives have criticised the “extreme expansion policy” of struggling industrial firm A-Tec.The company faces bankruptcy, and reports have it that A-Tec planned to get rid of its subsidiary Austrian Energy & Environment (AE&E) to avoid a collapse.A-Tec puts the dire state of the firm down to cost overruns on a project by AE&E in […]
Rosemarie Fritzl has refused to file for divorce from her pervert husband, according to her sister.Christine Ranner told Austrian daily Österreich yesterday (Sun) Josef Fritzl asked her in a recent letter correspondence to find out whether his wife would agree to get divorced.Ranner, 57, said Fritzl who kept his own daughter as a personal […]
Upper Austrian firm Franz Hittmayr GmbH has filed for bankruptcy, it has emerged.The Alpine Creditors Association (AKV) said today (Thurs) judges at the provincial court in Wels have started dealing with the Redlham-based industrial companys situation.The body said Franz Hittmayr GmbH had debts of more than 3.9 million Euros. It added the plan was to […]
Furniture megastore chain XXXLutz is considering taking over commercial sites in Croatia, according to local press.The Croatian Times reports today (Thurs) that the Upper Austrian firm with headquarters in Wels was one of possible buyers of estate in the cities of Zagreb, Rijeka, Osijek and Pula owned by broke firm Pevec.Darko Sketa, who handles the […]
Creditors of bankrupt Cosmos welcomed the decision to close down all branches of the electronic consumer goods chain, according to a lobbyist.Wolfgang Hrobar of the Alpine Creditors Protection Association (AKV) said today (Mon) the broke companys more than 1,500 creditors were happy about the decision to shut all 27 shops since it ensured personnel and […]
All 45 jobs at a bankrupt Salzburg wood firm are safe, it emerged today (Weds).Liquidator Konrad Ferner said he told the 45 Salzburger Holzindustrie employees yesterday that they will all keep their jobs after he managed to find an investor willing to take over the broke company.Ferner said the Carinthian wood-processing firm Johann Weinberger won […]
The company Firma Mandl Exclusiv owned by Styriagra producer Richard Mandl has entered bankruptcy proceedings, according to the Alpine Land Creditors Association (AKV).It reported yesterday that the firm in Krottendorf in Styrias Voitsberg district had debts of 395,000 Euros and that Voitsberg attorney Wolfgang Klobassa would be bankruptcy administrator.A recent ruling by Vienna Commercial Court […]