FRANKFURT (Thomson Financial) - A-TEC Industries AG's chief executive Mirko
Kovats is planning to raise the group's stake in Norddeutsche Affinerie AG (NA)
to 25 pct, weekly Euro am Sonntag reported citing sources close to the CEO.
A-TEC currently holds about 13.75 pct in NA.
If NA succeeds in acquiring Belgian copper company Cumerio, which has been
blocked by A-TEC so far, Kovats will insist on being granted a 20 pct stake in
the new group as well as 2 seats on its supervisory board, the newspaper said.
Former NA CEO Werner Marnette had earlier this year struck a similar
agreement with Kovats, but NA's supervisory board rebuffed the deal.
Marnette, who resigned as CEO on Nov 9, is Kovats preferred candidate to
head NA's supervisory board, the report said.
It added that the A-TEC head is considering NA board member Peter Willbrandt
as the potential new chief executive at the German company.
judith.csaba@thomson.com
jcs/jlw
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