The insolvency administrator for the German unit of bankrupt Dutch engineering services company Imtech has begun the sale of the business, it said on Tuesday.

In a statement, administrator Peter-Alexander Borchardt said that interest could be huge, and that they have already received more than 40 qualified expressions of interest.

Borchardt said Ernst & Young will organize the sales process.

The material has been provided by InstaForex Company – www.instaforex.com