Porr: Renaissance Group to Enlarge its Interest

Industrials › Construction ♦ Published: November 23, 2012; 20:12 ♦ (Vindobona)

The Turkish Renaissance Group owns a 10% interest in Porr and wants to reach a blocking minority at the Austrian construction company.

Porr: Renaissance Group to Enlarge its Interest / Picture: © Porr AG

In the last months, Porr was re-building its shareholder structure massively. The former core shareholder B&C Industrie Holding sold its stake to CEO Karl-Heinz Strauss and the Austrian industrialist Klaus Ortner. At the moment, Strauss and Ortner hold 72% of Porr´s shares. The remaining shares are currently held by VIG (8.8%) other investors (9.5%). In the medium term, Strauss and…

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