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.
The sale process of Emco comes to an end. According to A-Tec´s liquidator, Matthias Schmidt, five binding offers were submitted. Among others, the Salzburg-based Kuhn Group and the owner of the largest Austrian newspaper, Christoph Dichand are potential buyers. The restructurer Erhard Grossnig and the investor Anton Stumpf are interested too.
However, only the Kuhn Group, the…