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Porr Considers Capital Increase

Published: December 3, 2011; 15:48 · (Vindobona)

In order to realize further growth, the owners of the second-largest Austrian construction company plan to raise the equity base.

Porr Considers Capital Increase / Picture: © Porr AG

This week, Porr reported losses ranging between € 70m and € 80m. The main reason is a delay in payments in Hungary and Romania. In both cases, the public authorities are responsible for the projects. According to CEO Karl-Heinz Strauss, an arbitration court will be called. Moreover, a withdrawal from Hungary is considered – at least if Porr does not succeed. Many of the 400…

This article includes a total of 196 words.

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