Read the latest headlines about developments in international organizations, companies and institutions operating in Vienna, Austria
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Vienna International Company News

C-QUADRAT Investment AG - Interim Financial Report as of 30 June

C-QUADRAT Investment AG concluded the first half year of 2010 with an operating income of €29.6m, an operating profit of €5.4m and a net profit of €8.5m.

August 16, 2010

New management at S&T Austria GmbH

Eduard Bugelnig, Patrick Schnebel and Robert Latka take over management of the Austrian subsidiary of S&T.

July 23, 2010

KTM confirms earning rise in the third quarter

Due to the focus on KTM´s core business and its efficient cost management, KTM managed to find the fastest track out of the crisis despite slightly lower sales.

July 23, 2010

Vienna Insurance Group: increase the proportion of TBIH to 100 percent

After taking the lead in the TBIH Financial Services Group NV (TBIH), the Vienna Insurance Group agreed with Kardan Financial Services BV to acquire its minority stake of 40 percent.

July 23, 2010

Red Bull taking flight

In 2008 and 2009, the energy drink maker halved the gain compared to 2007. Red Bull boss Dietrich Mateschitz wants his energy drink to build on old booms and sparkles, and he is optimistic.

July 23, 2010

OIAG to become an infrastructure holding

The OIAG aims to become an infrastructure holding company. The federal real estate company (BIG), Verbund (energy), Asfinag (infrastructure) and parts of the ÖBB (railway) will be slowly integrated in an ÖIAG structure.

July 23, 2010

Head of Erste Bank Treichl advocates stress test ranking

"Then, investors can visualize the results," said Treichl after a bankers' meeting with Trichet.

July 22, 2010

AT&S to shift gears

The expansion in China and India as a driver for the circuit board manufacturer.

July 22, 2010

Hungary gives bank tax its blessing

The new Hungarian Prime Minister Viktor Orban will not abandon the highly controversial tax, as decided in Parliament.

July 22, 2010

Intercell AG - publication pursuant to Sections 4 and 5 of the Publication Ordinance

Since 2002, the shareholders meeting of Intercell AG has issued stock options on a regular basis to members of the management board, the supervisory board and employees.

July 21, 2010

Strabag signs a deal in Abu Dhabi

The German subsidiary Züblin is the consortium manager for the construction of a new port Strabag scored a deal for the construction of the new port in Abu Dhabi, the company reports in a press release. Via the German subsidiary Züblin as lead manager

July 21, 2010

Constantia Packaging subsidiary with acquisition in Spain

A 100-percent subsidiary of the packaging manufacturer Constantia Packaging AG, which was incorporated a few weeks by the U.S. financial investor One Equity Partners (OEP) is buying in Spain.

July 21, 2010

A-Tec Industries announces changes on Management Board

Christian Schrötter, CFO, today informed the company´s Supervisory Board of his decision not to extend his contract.

July 21, 2010

Telekom Austria's verifies sale to Russian MTS

Telekom Austria (TA) checks on behalf of the Finance Ministry its own sale to the Russian telecom company MTS.

July 20, 2010

Constantia Packaging - shareholders will be reconciled with €47

The new owners of Constantia Packaging make cash payment of €47 ($60.61) per share to its minority shareholders.

July 20, 2010

Andritz receives major order for new stainless steel works from China

International technology Group ANDRITZ has received an order from Fujian Fuxin Special Steel Co. Ltd. to supply major components and systems for a new stainless steel plant in Fujian Province, China.

July 20, 2010

EVN - Majority of Bulgarian Gorna Arda is sought

Lower Austrian electricity company plans to acquire 70 percent of a hydroelectric project.

July 20, 2010

Eco World Styria - Styrians to outstrip U.S.

The network meets the future on the international market as "The World's Green Tech Valley": a success story.

July 16, 2010

Defying EU fusion reactors

According to calculations of the Green Party Federal Councillor Elisabeth Kerschbaum the project costs Austria €158m.

July 15, 2010

Karl-Heinz Strauss new boss of Porr

The Carinthian project developer and CEO of numerous private foundations and major shareholder of Porr Karl-Heinz Strauss is the new boss of the construction company.

July 15, 2010

Vienna Stock Exchange buys 16.5 percent stake of the Ljubljana Stock Exchange

The Vienna stock exchange holding company, CEE Stock Exchange Group (CEESEG AG), has made some arrangements with minority shareholders of the Ljubljana Stock Exchange to purchase the remaining shares of its Slovenian subsidiary.

July 15, 2010

Union speaks of "death blow" for Austrian Railway

In the context of the forthcoming increase of capital of Verbund hydro electrical plants could be bought from the Austrian Railway Network ÖBB.

July 15, 2010

Austria's largest construction companies by revenue

Strabag SE in 2009 remained by far the largest construction company in Austria.

July 13, 2010

Bwin’s successful World Cup record

bwin, the world's leading online gaming operator, recorded a record sports betting turnover at the 2010 Football World Cup compared to previous major events.

July 13, 2010

Andritz Hydro to supply propeller turbines for Lower Mattagami hydropower project, Canada

International technology Group Andritz has been awarded a contract by Kiewit-Alarie a Partnership to supply three propeller turbines and generators for the Lower Mattagami River Project being developed by Ontario Power Generation in Ontario, Canada.

July 13, 2010

Duel for lead of construction group

At the Board meeting next Thursday the new head of the construction at “Porr” could be decided.

July 12, 2010

Magna International AGM - Shareholders will vote about Frank Stronach’s future

The Austrian-Canadian supplier Magna International set a new general meeting for July 23rd, to vote about the retreat of founder Frank Stronach.

July 9, 2010

Hungarian burden for Austro-banks

Raiffeisen International (RI) CEO Herbert Stepic expressed his concerns during a general conference.

July 9, 2010

Voestalpine AG - Resolutions of AGM

Voestalpine AG Annual General Meeting approves dividend and share repurchase program.

July 8, 2010

Siemens - Major contract in the Czech Republic

Siemens to build a photovoltaic system for about €10m

July 8, 2010

Banks swap gold - Caused by Central banks?

European banks have tons of bunkers gold at the "Super Fed" BIS (Bank for International Settlement). But they could have acted only as intermediary.

July 8, 2010

REWE takes remaining 25 percent od ADEG

Rewe acquires Adeg. Two years ago, the group took over 75 percent of the retail chain in Austria. The deal does not require to be registered at the European Commission. Adeg is already completely integrated into Rewe.

July 7, 2010

AWD - Commercial Court allows class action

Consumer information association (VKI) goes to court on behalf of 1,300 investors.

July 7, 2010

No share price manipulation in Immoeast, confirmed by court-appointed expert

An investor claimed that the price of Immoeast shares had been inflated manipulative trading activities of former Constantia Privatbank (now Aviso Zeta Bank)

July 6, 2010

Immofinanz - Sale of 55m shares hasn't started

The placement of the 55m Immofinanz shares from settlement with Constantia Packaging has not yet begun as reported in today’s published "Company Flash" of UniCredit.

July 6, 2010

Zumtobel AG - Announcement pursuant to § 93 of the Austrian Stock Exchange Act

Zumtobel, internationally leading supplier of integral lighting solutions for a variety of applications, announces that the capital decrease of 2009 led to an increase in the voting rights held by the members of the syndicate agreement to 35.3%.

July 6, 2010

Bank Austria’s Snowball clause illegal

The unilateral termination right of Bank Austria in its "Callable Snowball Floater " is unlawful according to the Supreme Court (OGH).

July 6, 2010

Strabag loses job over €3b ($3,7b) in Bosnia

Strabag will terminate its order for a highway bypass in Bosnia. The project was not advertised, which is why the EBRD did not participate in the financing. The Austrian construction group Strabag is negotiating the resolution of a €3b motorway contra

July 5, 2010

Sale of Innovest is imminent

Beside Raiffeisen there are two other interested parties.

July 5, 2010

Cross Industries AG - Changes in Management Board and Supervisory Board

Mr. Rudolf Knünz resigns from the management board, Mr. Friedrich Roithner will take over the function of CFO.

July 5, 2010

C.A.T. Oil AG wins two hydraulic fracturing tenders in Western Siberia

C.A.T. oil AG, one of the leading providers of oil and gas field services in Russia and Kazakhstan, has been announced as the winner of two tenders for hydraulic fracturing services in Western Siberia.

July 5, 2010

MAN-Chief

The Austrian Georg Pachta-Reyhofen remains at the top of the German trucks and engineering group MAN.

July 2, 2010

Antitrust accusations against Polish subsidiary

The Polish Strabag subsidiary is under investigation for cartel collusion in public tenders.

July 2, 2010

Intercell reports Phase II Study Results of its Vaccine Enhancement Patch for Pandemic Influenza

Intercell AG today announced the results of a Phase II clinical trial of its investigational Vaccine Enhancement Patch (VEP) system for avian H5N1 influenza.

July 2, 2010

Agrana Beteiligungs-AG - AGM approves unchanged dividend

The 23rd Annual General Meeting of AGRANA Beteiligungs-AG today voted to pay a dividend unchanged from the prior year - of EUR 1.95 per share for the completed 2009/10 financial year.

July 2, 2010

New management duo for Erste Bank Austria

Following the retirement of Bleyleben-Koren, the Bank will be lead by the duo Uher and Bosek.

July 1, 2010

Christ Water Technology AG - Invitation to the AGM

Pursuant to the Squeeze-out Act, CWT is obliged to make an announcement regarding any planned resolution to squeeze out minority shareholders at least one month before the day of the AGM.

July 1, 2010

Voestalpine AG - EU fines steel producers - voestalpine affected by €22m

Voestalpine has today been informed that the EU Commission has imposed fines, following action taken against a number of European prestressing steel manufacturers, including voestalpine Austria Draht GmbH.

June 30, 2010

Bwin Interactive Entertainment AG - Change of total voting rights

Bwin Interactive Entertainment AG hereby announces that at the end of the month June 2010 the number of voting rights amounts to a total of 35.956.688 voting rights.

June 30, 2010

Wienerberger with dampened expectations

Wienerberger AG expects a relatively good spring quarter, but is running after lost revenue of the first month.

June 30, 2010