International technology Group ANDRITZ has agreed with the authorities responsible for the insolvency proceedings on the acquisition of AE&E Austria GmbH & Co KG. The ANDRITZ tender offer to A-TEC was approved on December 2, 2010. ANDRITZ will finance a bailout plan in coordination with the responsible financial rehabilitation body of AE&E Austria GmbH & Co KG in order to stabilize the company.
ANDRITZ AG, Graz (A), Tel.: +43 316 6902-0,