Austria: Haselsteiner to Increase Share at Westbahn

Business › n.a. ♦ Published: April 23, 2013; 14:06 ♦ (Vindobona)

Hans Peter Haselsteiner, CEO of Strabag, is going to increase his stake in Westbahn to 47 %, the railway company, which is in majority privately held and main competition for Austrian Railways (ÖBB).

Austria: Haselsteiner to Increase Share at Westbahn / Picture: © WESTbahn Management GmbH

As part of a capital increase, Haselsteiner will enlarge his share from 35 % to 46.9 %. At the same time, French national railway company SNCF will decrease its share from 35 % to 28 % and Swiss Augusta Holding, which is represented by the investor Erhard Grossnig, will decrease its stake from 30 % to 25.1 %, according to Westbahn.

The capital increase of € 20m, which was…

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OEBB Austrian Railways, Transport Industry, Strabag, Westbahn, Privatizations, SNCF, Earnings, Hans Peter Haselsteiner
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