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Vienna International Company News
Read the latest headlines about developments in international organizations, companies and institutions operating in Vienna, Austria
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
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
A-Tec wants private bonds.
Denomination of €1000 - termination, at violation of certain ratios The A-Tec intends to target private investors with their planned five-year bond (subscription period from June 1 to July 5). The nominal value amounts to €1000 ($1223). The expiring A-
June 30, 2010
S&T System Integration & Technology Distribution AG - Change to the Management Board
CEO Christian Rosner steps down, company founder Thomas Streimelweger takes over as Chairman of the Management.
June 29, 2010
Erste Bank recommends formation of small cash reserves
The investment experts of “Erste Bank” recommend, from the third quarter, formation of small cash reserves in the amount of 5% in the conservative portfolio and 7.5% in the dynamic portfolio.
June 29, 2010
Unternehmens Invest AG - Voting rights of Knünz GmbH
KP Invest Beteiligungs GmbH announces that Pierer GmbH and Knünz Gmbh each have transferred UIAG shares to KP Invest Beteiligungs GmbH through a transfer of assets and contribution, bringing the participation in voting rights and in share capital to 50.1%
June 29, 2010
Zumtobel AG - Financial results for 2009/10
The 2009/2010 Financial Year for the Zumtobel Group was shaped by the effects of the global economic crisis, but the development of revenues stabilised gradually during the course of the year. Revenues recorded by this Austrian lighting group, w
June 29, 2010
A-Tec Industries AG to float corporate bond
A-TEC Industries AG is currently in preparations to issue a corporate bond.
June 28, 2010
Intercell AG -Resolutions of the AGM
Intercell AG today announced that all proposed resolutions were approved by the Annual Shareholders meeting held today.
June 28, 2010
Pierer and Knünz to introduce shares in equity firm
KP Invest is majority shareholder in Cross Industries and UIAG
June 28, 2010
Stronach handing off control of Magna International
Shareholders decide on the planned restructuring of the international subcontractor- development of e-cars
June 28, 2010
Hirsch Servo shrinks Board
The listed Carinthian machine manufacturer and packaging supplier Hirsch Servo AG reduced its board. Chief Financial Officer Andrew Zois leaves the company, wanting to pursue new professional challenges.
June 28, 2010
Zielpunkt to be sold again
New Zielpunkt boss Satek wants reorganization of the chain rather than a split
June 28, 2010
Strabag keeps Implenia in suspense
Implenia, the largest Swiss construction company, always on the seeker-list from Strabag boss Hans-Peter Haselsteiner, is suddenly announcing intentions to sell.
June 25, 2010
ÖVAG does not want to stay solo
The enthusiasm of authorities, central bank and the federal government is limited for the decision of the ÖVAG owner to continue without a partner and to merge Investkredit and ÖVAG.
June 25, 2010
Christ Water Technology AG - Remaining minority shareholders to receive €2.10 per share
The Management Board of CWT and Eimco as principal shareholder of CWT have now jointly fixed the appropriate compensation at €2.10 ($2.6) per CWT share. The appropriateness of this compensation remains to be reviewed by the Supervisory Board of CWT.
June 25, 2010
KTM Power Sports AG - KTM speeds up earning rise in the third quarter
The KTM-group is expected to generate an EBIT of €12.4m in the 3rd quarter of 2009/10 and is heading for an overly positive business year 2009/10.
June 25, 2010
CA Immobilien Anlagen AG to acquire Europolis AG
CA Immobilien Anlagen AG agreed with Österreichische Volksbanken-AG Group to acquire all shares in Europolis AG.
June 25, 2010
Zumtobel AG - CFO Thomas Spitzenpfeil to resign at the end of September 2010
Thomas Spitzenpfeil, Chief Financial Officer of the Zumtobel Group, has announced his intention to resign in order to pursue a career opportunity on the management board of a German corporation.
June 24, 2010
Austrian Institute of Technology - "Last Chance" was used despite economic crisis
The figures are black for the second time since 2008 and the number of orders is satisfactory despite "considerable shrinking of the world economy".
June 24, 2010
CA Immo attends to Europolis AG
Austrian Volksbank AG (ÖVAG) will conclude on Thursday its business of selling its real estate subsidiary Europolis to the CA Immo.
June 24, 2010
New plant location opened in industrial park Gmünd
The two innovative high-tech companies NBG Systems and Fiber Cable Technology (FCT) invested in a new production plant in Gmünd.
June 24, 2010
Hypo SüdLeasing Ltd. - Change in Executive Team
The position of the Managing Director was assigned to Maria Klimke as of 01/06/2010. She succeeds Ms. Nora Frischherz who left the company on 31.05.2010.
June 23, 2010
Siemens Austria wins award for research project
The research project Reconcile was awarded as best proposal for the funding program FIT-IT (Tesearch, Innovation, technology, information technology) in the program series "Semantic Systems and Services".
June 23, 2010
Bene AG - Results for the first quarter of 2010/11
In the first quarter of 2010/11 sales and earnings of the Bene Group were still affected by the difficult economic environment in most of the markets.
June 23, 2010
Is Telekom Austria more expensive than the industry average?
Given the current revenue multiples, the Austrian government would have to pay almost 2 billion euros for the network of TA, which is about half the company's current market capitalization.
June 22, 2010
Power International Limited continues legal battle with Meinl Bank
The former company Meinl Power International Limited PI (PI) seeks to pursue its litigation with Meinl Bank.
June 22, 2010
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