The Romanian Meinl subsidiary Heidi Chocolat will take over the insolvent Viennese Schwedenbomben manufacturer Niemetz. The money is said to have already been transferred to the liquidators. Roman Tahbaz of the 1980 credit reference agency (KSV) said that the purchase and the authorisations were now legally valid. Heidi Chocolat paid 5.25 million Euros for the […]
Struggling engine manufacturer ATB Austria Antriebstechnik AG (ATB) has warned shareholders it could have suffered immense losses last year.The Vienna-based company which runs factories in the Austrian province of Styria, Germany, Great Britain and Serbia said yesterday (Thurs) its annual loss could be higher than half of its nominal capital. ATB added that […]
Romanian bank Banca Transilvania (BT) is going to list on the Vienna Stock Exchange (WBAG) after shareholders’ approval of the move.BT, listed on the Bucharest exchange since 1997, said today (Fri) the decision to list on the WBAG would make the company “more visible and more attractive to foreign investors.”Horia Ciorcila was re-elected president of […]