Waagner-Biro continues steps to re-structing

(Vienna, 31.10.2018) Waagner-Biro AG informs that subject to the approval of the insolvency administrator the entrepreneur Erhard Grossnigg will take over and reorganize Waagner-Biro Austria Stage Systems AG thus securing its continued existence. Silence has been agreed on the purchasing price. The non-operating holding of the Waagner-Biro Group, Waagner-Biro AG, today announced the opening of a restructuring process. Waagner-Biro Bridge Systems AG is still aiming for a continuation.

 

At an extraordinary Supervisory Board meeting of Waagner-Biro on Monday, October 29th, Thomas Jost and Martin Zinner resigned from all functions within the Waagner-Biro Group, with the exception of those in SBE Alpha AG. At the same meeting, Alexander Liaunig was appointed as Managing Director of Waagner-Biro AG and Waagner-Biro Austria Stage Systems AG and Bernhard Chwatal as member of the Management Board of Waagner-Biro AG and Waagner-Biro Bridge Systems AG. Karl Grabner was also appointed to the Management Board of Waagner-Biro Bridge Systems AG.

 

45 employees of Waagner-Biro AG were registered at the AMS Vienna as part of the early warning system today. Any claims and claims of employees of Waagner-Biro AG are secured by the Insolvency Fee Fund (IEF).