CEO Strauss Buys 38% of Porr´s Shares

People ♦ Published: July 16, 2012; 18:55 ♦ (Vindobona)

Strauss-Group acquires equity stake of the B&C-Gruppe and of the UniCredit Bank Austria AG on the Austrian construction company.

CEO Strauss Buys 38% of Porr´s Shares / Picture: © Porr AG

Today, an investment group held by CEO Karl-Heinz Strauss, acquired 37.93% of Porr´s stakes. The seller is B&C Gruppe and UniCredit Bank Austria. The acquisition still has to be approved by the Austrian cartel authorities.

Strauss: “With this transaction, we could re-organize the ownership structure of Porr. Thus, we may provide a substantial degree of stability and…