ATB Austria Antriebstechnik AG

EANS-Adhoc: ATB Austria Antriebstechnik AG
ATB Austria Antriebstechnik disposes of French ATB Selni subsidiary

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Vienna, February 10, 2010 - ATB Austria Antriebstechnik AG (ISIN AT0000617832) has sold its wholly-owned subsidiary ATB Selni, a manufacturer of electric motors and pumps for white goods located in Nevers, France. The shares were transferred today.

The disposal was by way of a management buy-out under a contract signed on 19 January 2010. The transfer of the shareholder ledgers and the shares to the purchaser, SELNI Investissement SAS, in accordance with French law took place with effect from today. The parties agreed to keep the purchase price confidential.

The ATB Group´s withdrawal from the white goods market is in line with its long-term strategy, and will help it tighten its focus on its core markets.

ATB Selni had entered the procedure de redressement judiciaire (administration) under French law, and was accounted for as a discontinued operation.

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ots Originaltext: ATB Austria Antriebstechnik AG
Im Internet recherchierbar:

Further inquiry note:
Gerald Wechselauer
Investor Relations
Phone:  +43 1 22760 - 130

Branche: Technology
ISIN:      AT0000617832
Index:    Standard Market Auction
Börsen:  Wien / official market

Weitere Meldungen: ATB Austria Antriebstechnik AG

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