• 10.02.2010, 18:41:06
  • /
  • OTS0288 OTW0288

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

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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
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10.02.2010

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.

Further inquiry note:
Gerald Wechselauer
Investor Relations
Phone: +43 1 22760 - 130
Email: ir@a-tecindustries.com
end of announcement euro adhoc
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issuer:   ATB Austria Antriebstechnik AG
          Hohenstaufengasse 7
          A-1010 Wien
WWW:      www.atb-motors.com
sector:   Technology
ISIN:     AT0000617832
indexes:  Standard Market Auction

stockmarkets: official market: Wien
language: English

Digitale Pressemappe: http://www.ots.at/pressemappe/5284

OTS-ORIGINALTEXT PRESSEAUSSENDUNG UNTER AUSSCHLIESSLICHER INHALTLICHER VERANTWORTUNG DES AUSSENDERS - WWW.OTS.AT | OTB

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