Read the latest headlines about developments in international organizations, companies and institutions operating in Vienna, Austria
Sponsored
Page 4/142

Vienna International Company News

VIG: Elisabeth Stadler to Replace Peter Hagen as CEO

Due to differences in opinion regarding the future strategic orientation and steering of the Group, Peter Hagen will be leaving his position as Chairman of the Managing Board of the Vienna Insurance Group on 31 December 2015. Elisabeth Stadler will become his successor.

December 2, 2015

Constantia Flexibles Acquires SE Asian Labels Producer Pemara

Constantia Flexibles Group strengthens its position in the Southeast Asia labels market by acquiring the Australian company Pemara Labels Group. The parties agreed not to disclose any financial details and the transaction is expected to close in the next few months. Pemara operates four plants in Australia, Malaysia, Vietnam and Indonesia, along with sales offices in Sydney (Australia) and Manila (Philippines).

December 1, 2015

Andritz Subsidiary Schuler Lands Large-Scale Contract in China

Schuler AG has received a further major order from FAW Volkswagen Automotive Co., Ltd. The Chinese company ordered press line with ServoDirect Technology and a servo tryout press for its Qingdao facility. With a total force of 81,000 kilonewtons, the servo press line will be mainly used to produce car body parts, such as hoods or doors. The order value is in the middle double-digit-million-euro range.

November 30, 2015

EBRD to Become 30 Per Cent Shareholder in Raiffeisen Bank Aval

The European Bank for Reconstruction and Development (EBRD) is about to become a 30 per cent shareholder in Raiffeisen Bank Aval JSC (RBA), a leading universal bank in Ukraine and a subsidiary of Raiffeisen Bank International AG (RBI), under an agreement signed in Kiev today.

November 25, 2015

Large Securitisation Deal between EIB and UniCredit Leasing Austria

EIB participates in securitisation transaction of UniCredit Leasing Austria with EUR 230.9 mil. The European Investment Bank (EIB) will make available EUR 230.9 million to UniCredit Leasing Austria through the purchase of asset-backed securities (ABS).

November 24, 2015

Hungarian Central Bank Buys Austria's 68.8% Stake in Budapest Stock Exchange

Austrian shareholders CEESEG and OeKB sell their 68.8% stake in Budapest Stock Exchange to Hungarian Central Bank for €42m ($45m), the Hungarian central bank confirmed officially.

November 24, 2015

VTB Bank Austria has Passed the European Central Bank’s Stress Tests

To meet these requirements, VTB Bank (Austria) AG boosted the capital, raising its consolidated capital ratio from 9.3% as of the end of 2014 to 13.7% as of the end of September 2015.

November 16, 2015

Bank Austria Posts Net Profit of EUR 660 Million for the First Nine Months

UniCredit Bank Austria announced that net profit in the three months to end-September dropped to 172 million euros from 291 million in the previous three months. As reported, the bank plans to terminate up to 14,000 jobs and restructure or exit its retail business in Austria and leasing operations in Italy as it seeks to strengthen its equity.

November 11, 2015

UniCredit - Bank Austria: CEE Operations Move from Vienna to Milan - Retail Business to be Sold or Restructured

Until the end of 2016, all CEE interests with currently 48,000 employees have to be transferred to Milan. Until now this division has been the most important earner for Bank Austria. The 13 banking subsidiaries of Bank Austria in Eastern and Southeastern Europe employ nearly 48,000 people - and thus the majority of the approximately 57,000 employees of Bank Austria. The retail banking business of in Austria with 1.6 million customers has to be sold or restructured, Unicredit announced in the afternoon.

November 11, 2015

Voestalpine Increased Revenue by 4.1% in First Half 2015/16

In the first half of the business year 2015/16 (April 1 to September 30), the steel group Voestalpine continued its performance despite an economic environment that – viewed globally – is inconsistent. In a year-to-year comparison, it increased its revenue by 4.1% from EUR 5.6 billion to EUR 5.8 billion.

November 11, 2015

Tensions Prior to Announcement of the UniCredit Savings Plans

It is rumored that the groupwide reduction of up to 14,000 jobs will be announced today. It is also about the future of Bank Austria. Bank Austria's parent UniCredit may withdraw the group's CEE head office from Vienna.

November 11, 2015

Press Freedom: Every Fifth Day a Journalist is Killed at Work

According to a report from Unesco, worldwide more than 700 reporters have been killed from 2006 to 2014 in the exercise of their profession. On International Day to End Impunity for Crimes against Journalists, the OSCE Representative calls on participating States to step up their investigations.

November 2, 2015

Insolvent DIY Chain BauMax Ended Its Operations

Insolvent DIY chain BauMax ended its operations completely on Friday with many stores sold to Obi of Germany. Seven stores did not attract a buyer. Some 700 employees in total are at risk of losing their jobs.

October 30, 2015

Alexander Lewald Named Chief Technology Officer of Kapsch TrafficComAG

Kapsch TrafficCom has announced that Alexander Lewald will be joining the Management Board of Kapsch TrafficCom AG as Chief Technology Officer effective November 1, 2015.

October 28, 2015

VIG Completes Acquisition of Latvian Non-Life Insurer Baltikums AAS

Vienna Insurance Group (VIG) has finalized the 100-percent acquisition of Riga-based Baltikums AAS. As a result of the acquisition, Vienna Insurance Group is now one of the top five insurers on the Latvian market.

October 27, 2015

Meinl Bank: Stephen Coleman to Become New CEO

Stephen Coleman will replace Günter Weiss, who must vacate his seat due to a ruling from the Austrian Financial Market Authority (FMA).

October 23, 2015

Bank Austria Sells Prominent Property "The Mall" to Morgan Stanley Consortium

UniCredit Bank Austria AG announces that the purchase agreement for the shopping centre The Mall at Wien Mitte was signed with Morgan Stanley Real Estate Investing (MSREI), pending approval by the antitrust authorities.

October 22, 2015

RBI’s Russian Subsidiary Sells its Pension Fund Business

RBI’s Russian subsidiary (AO Raiffeisenbank) closed the sale of its pension fund business (ZAO NPF Raiffeisen) to the Russian BIN Group. The transaction will result in a one-off gain before tax of around EUR 87 million for RBI, which will be booked in the fourth quarter of 2015. It has been agreed that the parties will not disclose the price at which the transaction took place.

October 19, 2015

Bank of China to Open Branch in Vienna

Bank of China, one of the 5 biggest state-owned commercial banks in China intends to open its first branch in Vienna in the near future, as its Chairman Tian Guoli recently said while visiting Vienna.

October 16, 2015

Wienerberger Annual Reports Ranked Among the Top 20 Worldwide

Wienerberger, the world's largest producer of bricks, has again won recognition for its Annual Report 2014 and also, for the first time, for its Sustainability Report 2014. Heimo Scheuch, Chief Executive Officer of Wienerberger AG, takes pride in these distinctions: "Open and active communication with all our stakeholders and the highest possible level of transparency are top priorities for us."

October 15, 2015

Life Sciences Field is Booming in Vienna

Nine percent revenue growth, five percent increase in the workforce and a large increase in business startups - Vienna as a location for life science businesses is attracting companies at a rate never seen before.

October 14, 2015

Steep Q3 Rise in Equity Trading Volumes on Vienna Stock Exchange

Despite the traditional sluggishness in summer months, trading volumes in equities rose steeply in Q3 2015 by 19.1%, climbing from EUR 11.41 billion (Q3 2014) to EUR 13.59 billion (Q3 2105).

October 7, 2015

PayLife Becomes SIX Payment Services

In September 2013, the Swiss financial services provider SIX acquired PayLife, the market leader for cashless payments in Austria, from the Austrian banks. With the acquisition and integration of PayLife SIX underlines its goal of driving international growth and its ambition to be among the leading European providers of card-based payments. Starting today, PayLife Bank GmbH is renamed SIX Payment Services ( Austria ) GmbH.

September 23, 2015

Erste Group Extends Andreas Treichl’s CEO Mandate to 2020

The Supervisory Board of Erste Group Bank AG extended Andreas Treichl’s mandate as Chairman of the Management Board until mid-2020.

September 17, 2015

Export Award: Austria's Best Exporters

The success of exporters on international markets secures prosperity and jobs in Austria, with six out of every ten euros generated by exports. Recently the 2015 Export Award winners were selected by an independent expert panel. The Austrian Export Award gives annual recognition to the most dedicated and successful companies.

September 11, 2015

Vienna as a Congress City Takes Second Place Worldwide

Austria's capital city, Vienna, has once again confirmed its standing as one of the world's most popular congress cities in 2014. In the 2014 ranking of the International Congress and Convention Association (ICCA) Vienna took second place with 202 international congresses, thereby climbing one place against 2013. Paris (with 214) was at the top of the ranking.

September 11, 2015

Magna Steyr Aimes for full Capacity Utilisation at Graz Plant

The car manufacturers Jaguar Land Rover are moving part of their production from England to Austria. With new orders from Jaguar Land Rover, BMW and Daimler, the medium-term vehicle production at the Magna plant in Graz is set to return to levels in excess of 200,000 per year.

September 11, 2015

Austrian Airlines Returns to Shanghai

The return to Shanghai highlights the continued importance of the Chinese market to Austrian Airlines and the high value attached to its outbound market in particular. Austrian Airlines had already included Shanghai in its flight schedule starting on April 28, 2004. However, flight service was terminated in January 2007 as part of the redimensioning of the airline’s long-haul fleet and the related decommissioning of all its Airbus A330 and A340 long-haul aircraft.

September 10, 2015

British Police Orders Surveillance Aircraft from Austrian Airborne Technologies

The UK National Police Air Service (UK NPAS) has awarded the contract to deliver 4 role-equipped fixed-wing surveillance aircraft to Airborne Technologies from Wiener Neustadt. In addition to substantial German police units, another important police force will now rely on the Austrian company that has established itself as potential partner for police aviation.

September 10, 2015

BDO Austria Expands Consulting Expertise

Ten partners together with their teams have switched from a renowned Austrian competitor to BDO Austria. Thanks to this switch, BDO Austria is able to expand its consulting expertise in the areas of SMEs and family business.

September 10, 2015

It’s all about Fashion during Vienna's Fashion Week

Until September 13th it’s all about fashion in Vienna’s Museums-Quartier. About 70 designers show their collections: at fashion shows and in the adjacent sales area in Quartier21, which invites visitors to go shopping. This year marks the seventh edition of the MQ Vienna Fashion Week. Last year, over 10,000 visitors came to the fashion event.

September 8, 2015

Strabag Wins Road Deal in Poland for € 118 Million

Listed builder Strabag won a EUR 118 million (USD 135.4 million) contract in Poland for the construction of a 15 km motorway section between Woźniki and Pyrzowice plus one motorway maintenance facility, two rest stops, 29 bridges and wildlife crossings. Completion is supposed to take place in mid-2018.

August 27, 2015

Erste Group Presents Net Profit of EUR 487.2 Million in H1 15

Erste Group closed the first half of 2015 with positive results, reflected in strong improvements in profitability, asset quality, lending and capital. The group reported a net profit of EUR 487.2 million in H1 2015, compared to a negative result of EUR -929.7 million in the similar period last year; all countries except Hungary made a positive contribution to this development. Total assets increased to EUR 197.5 billion, compared to EUR 196.3 billion at the end of 2014. This balance sheet growth reflects a 2.2% advance in net lending to customers compared to the end of 2014, to EUR 123.5 billion, supported by the 1.7% growth in loans to households, 2.0% to SMEs and 5.9% to large corporates.

August 7, 2015

Jaguar Land Rover Signs Deal to Manufacture Cars in Austria

Tata Motors-owned luxury carmaker Jaguar Land Rover (JLR) said it has signed a contract manufacturing agreement with Austrian automotive firm Magna Steyr in another step to enhance its worldwide production line and build global footprint.

July 29, 2015

Telekom Austria Appoints Alejandro Plater as CEO

Telekom Austria announces that its Supervisory Board has allocated the Chief Executive Officer responsibilities to Alejandro Plater (47) as proposed by the two majority shareholders América Móvil and Österreichische Bundes- und Industriebeteiligungen GmbH (ÖBIB). This appointment will be effective as of 1 August 2015.

July 24, 2015

Conwert in Talks to Purchase BGP Investment's German Properties

Conwert Immobilien Invest SE currently is in exclusive discussions with BGP Holdings Europe S.à.r.l. with respect to the potential acquisition of the German residential property assets of BGP Investment S.à.r.l., an subsidiary of BGP Holdings Europe S.à.r.l.

July 22, 2015

Trafomodern Joins Hands with Indian Salzer Electronics

India based Salzer Electronics has entered a technical licensing agreement with Trafomodern Transformatorengesellschaft m.b.H, an Austrian manufacturer of dry type transformers.

July 21, 2015

Niki Lauda Acquires Stakes in Benko's Real Estate Firms

The private foundation of former Formula 1 driver Niki Lauda will acquire 1% of Signa Prime and a 10% stake in Signa Retail.

July 17, 2015

German Creditor Pool Brings EUR 1 Bln Action Against Heta Before Frankfurt Regional Court

The lawsuit demands almost EUR 1 billion and is brought in Frankfurt/Main against asset resolution company Heta. The creditor pool consists largely of German creditors which demand immediate repayment of bonds and promissory note loans.

July 16, 2015

Erste Bank Replaces Security Trading Platform Brokerjet with George

Erste Bank's Brokerjet service - that is tailored specifically toward the needs of online trading customers - will be discontinued as of the end of November. In the future the service will be offered via securities trading services George.

July 14, 2015

Euromoney Names UniCredit-Bank Best Bank in CEE

Euromoney has presented UniCredit with nine awards for excellence, including Best Bank in Central Eastern Europe, Best Debt House in Central Eastern Europe and Best Transaction Services House in Central Eastern Europe.

July 14, 2015

Austrian Railways Eyes Acquisitions Across Central and Eastern Europe

Oesterreichische Bundesbahnen (OeBB), the Austrian state railway operator, is eyeing rail cargo operator buys across Central and Eastern Europe, a source close to the company and a person claiming knowledge of the situation said. OeBB, with EUR 3bn in revenue, believes a number of opportunities will soon come up in countries “east of Austria”, including countries of the former Yugoslavia, the source said.

July 6, 2015

Vienna Airport Supervisory Board Extends Management Contracts Until 2021

Listed Vienna airport operator reappoints Julian Jäger and Günther Ofner to the Management Board of Flughafen Wien AG.

June 23, 2015

S&P Upgrades Strabag's Rating from BBB- to BBB

Rating agency Standard & Poor’s (S&P) has raised the credit rating of publicly listed construction group Strabag SE by one level from BBB- to BBB. The outlook remains at “stable”.

June 23, 2015

Schuler Acquires Majority Stake in Chinese Press Manufacturer

Schuler AG, a member of international technology Group Andritz, has signed a contract for the acquisition of a 51% stake in the Chinese press and machine tool manufacturer Yangzhou Metal Forming Machine Tool Co., Ltd. (Yadon). Yadon is a manufacturer of mechanical presses in China and has annual sales of approximately 120 million euros.

June 23, 2015

VSE's Operating Income Up 17% in 2014, CEESEG also Slightly Up

The Vienna Stock Exchange (VSE) and the CEE Stock Exchange Group report solid FY 2014 results. Vienna Stock Exchange's operating income is up 17% in 2014, mainly driven by the steadily increasing trading volume. Also, new members have been elected to the supervisory board.

June 23, 2015

Vodafone Germany Hires Ex-Telekom Austria CEO Ametsreiter

Ex-Telekom Austria CEO Hannes Ametsreiter, who terminated his contract 4 days ago, will take up the position of CEO of Vodafone Germany as of October 1, 2015.

June 19, 2015

Telekom Austria CEO Hannes Ametsreiter Resigns per 31 July 2015

Telekom Austria announced that its CEO Hannes Ametsreiter has prematurely terminated his contract. Rumor has it, that majority shareholder America Movil influenced the decision.

June 15, 2015

VIG's Compensa Acquires Lithuania’s Largest Life Insurance Sales Company

Vienna Insurance Group company Compensa Life SE has strengthened strengthened its sales structure in Lithuania with the acquisition of life insurance sales specialist Finsaltas. Finsaltas holds Latvia's biggest life insurance distribution network and recorded some EUR 7.1 million (USD 8.0 million) in life insurance premiums in 2014. for an undisclosed amount, VIG said Friday.

June 12, 2015

Atrium European Real Estate Tenders Offer for €130 Mln Bonds

Listed property developer Atrium European Real Estate Limited announces its plan to launch an invitation to holders of its €130 million Floating Rate Notes due 2017, of which €83.85 million is currently outstanding and €46.15 million is currently held by Atrium itself, to buyback their bonds.

June 5, 2015