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B&C Industrieholding to Sell Major Stake in Porr

Published: June 5, 2012; 10:58 · (Vindobona)

The Bank Austria-owned B&C Industrieholding is said to sell ist 37% stake in the Austrian construction group. CEO Karl-Heinz Strauss may be a potential buyer.

B&C Industrieholding to Sell Major Stake in Porr / Picture: © Porr AG

Unicredit pushes Bank Austria to sell the 37% interest in Porr, the third-largest Austrian construction company. Bank Austria holds its stake via B&C Industrieholding AG. The volume of the transaction may come at € 100m. B&C Industrieholding also has stakes in Semperit, AMAG and Lenzing.

B&C Industrieholding plans to offer the stake to the existing shareholders…

This article includes a total of 215 words.

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