Porr: Capital Increase Flows Smoothly

People ♦ Published: January 16, 2012; 19:57 ♦ (Vindobona)

According to Porr´s CEO Karl Heinz Strauss, the Austrian construction group raises ist capital within the next 60 days. Operating business is performing well, Strauss says.

Porr: Capital Increase Flows Smoothly / Picture: © Porr AG

The planned capital increase of Porr works well, Strauss emphasized. The capital increase was registered and will be closed within the next two months. Strauss, who holds a 6.0% stake, will participate as well as the Turkish shareholder Renaissance. Renaissance has 10% of Porr´s shares.

The construction company has good prospects and records “excellent” results, Strauss…