Austrian Company Deal News and Analysis

Strabag Builds Hydroelectric Power Plant in Bosnia-Herzegovina Worth € 57 Million

A consortium consisting of Austrian construction group Strabag and Croatian industrial company Končar has been awarded the contract to build the Vranduk power plant on the river Bosna on behalf of energy supply company JP Elektroprivreda BiH.

January 11, 2016

UniCredit Final Restructuring Program on Bank Austria's Retail Business

UniCredit announced a major step in its strategic plan execution, by launching a profound restructuring program on its Austrian retail business that will enable Bank Austria to develop its business in a sustainable way, while bringing down significantly its cost income ratio. The restructuring plan will allow to reduce by 2018 Bank Austria's overall costs by € 150mn per year on an ongoing basis on top of the Strategic Plan and with main focus on personnel expenses, leading to an overall cost decrease by almost € 300mn versus 2014 in order to ensure the business sustainability in the long-run.

December 15, 2015

RBI Sells Slovenian Subsidiary to US Private Equity Firm Apollo

Raiffeisen Bank International AG (RBI) has reached an agreement to sell its Slovenian bank, Raiffeisen Banka d.d., to Biser Bidco, which is managed by an affiliate of Apollo Global Management, LLC. The purchase price has not been disclosed. The expected deconsolidation effect on RBI’s consolidated result will amount to minus EUR 49 million.

December 10, 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

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

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

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

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

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

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

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

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

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

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

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

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

Strabag Builds EUR 37 Million Power Plant in Switzerland

Strabag AG is building the Rhone Oberwald run-of-the-river hydroelectric plant in the Swiss canton of Valais. The contract value of € 37 million comprises the construction of the necessary tunnels, galleries and underground chambers.

June 5, 2015

KTM Sportmotorcycles are now Manufactured in India

Upper Austrian manufacturer KTM first revealed its KTM Duke 250 and RC 250 in Tokyo. Now there is a buzz that KTM will start manufacturing Duke 250 and RC 250 at Bajaj's chakan plant in Pune/India and will start exporting the bike to other countries. The KTM Duke 250 and RC 250 are exported to Austria, Japan, Hong Kong, Malaysia, Turkey and Thailand.

May 29, 2015

Lenzing Sells Subsidiaries Dolan and European Carbon Fiber

The Lenzing Group has sold of its fully owned German subsidiary Dolan GmbH, Kelheim and its 91.1% stake in European Carbon Fiber GmbH, Kelheim to WHEB Partners’ Growth Fund 2 of England and Jan Verdenhalven.

April 15, 2015

Cross Sells Carcarpet Manufacturer Durmont to AGM Automotive

Cross Industrial Investments agreed on a strategic partnership with AGM Automotive LLC in the sector of carcarpet production. AGM acquired a majority stake of Durmont Teppichbodenfabrik GmbH.

April 14, 2015

Billa Invests EUR 100 Million in Bulgaria in Next Years

Supermarket Chain Billa plans to invest some 100 million euros in Bulgaria and to open around 40 new stores.

April 10, 2015

voestalpine AG / voestalpine resolves to increase registered capital by 1.45% in order to further expand employee shareholding scheme

Subject to the approval of the Supervisory Board, voestalpine AG's Management Board resolved on March 9, 2015 to exercise its power to increase the Company's registered capital in accordance with § 4 (2b) of its Articles of Association by issuing 2,500,000 new bearer shares at no par value, thus increasing the registered capital by approximately 1.45%.

March 9, 2015

Andritz Signs EUR 250 Million Deal in the UK

Listed engineering group Andritz will supply equipment worth EUR 250 million for the world’s first tidal lagoon hydropower project in Swansea Bay, Wales.

February 10, 2015

BWT Aktiengesellschaft / BWT signs framework agreement for the takeover of the majority in Mettem Technologies in Russia, strengthens itsmarket presence in the consumer business

The BWT Group has strengthened its presence in the point-of-use consumer business with a majority interest in the Mettem Technologies Group, Moscow, secured by the signing of a framework agreement.

January 23, 2015

C.A.T. oil AG / Management Board and Supervisory Board publish Joint-Reasoned Statement on Takeover Offer made by Joma Industrial Source Corp.

Management Board and Supervisory Board recommend shareholders to accept takeover offer by Joma Industrial Source Corp.

December 19, 2014

C.A.T. oil AG / C.A.T. oil AG informed about alleged incorrectness of offer document

The management board of C.A.T. oil AG was informed by AB PCO Investment Limited (Cyprus), an investment vehicle of the member of the management board Anna Brinkmann, on 12 December 2014 that the offer document which was published by Joma Industrial Source Corp. on 11 December 2014 in conjunction with its mandatory takeover offer for all shares of the Company is allegedly incorrect in two respects.

December 12, 2014

C.A.T. oil AG / C.A.T. oil AG notes the publication of the mandatory offer by Joma Industrial Source Corp.

C.A.T. oil AG, one of the providers of oil and gas field services in Russia and Kazakhstan, notes today's publication of the offer document for the mandatory public takeover offer announced by Joma Industrial Source Corp. on October 31, 2014.

December 11, 2014

ams AG / ams enters agreement to acquire private sensor specialistacam-messelectronic

ams (SIX: AMS), a leading worldwide manufacturer of high performance sensor and analog solutions, has entered into an agreement to acquire 100% of the shares in acam-messelectronic, a leader in highly accurate time-based measurement and related sensor solutions, in an all-cash transaction.

December 4, 2014

Russian Investor Boris Mints to Launch Tender Offer for 10 Pct of CA Immo Shares

O1 Group Limited of Russian investor Boris Mints has made a voluntary partial public takeover offer of 10% of additional CA Immo shares. The offer comprises the purchase of up to 9,735,276 non-par value bearer shares of CA Immo (ISIN AT0000641352), which are admitted to the Official Market on the Vienna Stock Exchange.

November 28, 2014

Schoeller-Bleckmann Oilfield Equipment AG / SBO to acquire Canadianfirm "Resource Well Completion Technologies Inc."

SBO to acquire Canadian firm "Resource Well Completion Technologies Inc."

November 25, 2014

C.A.T. oil AG / C.A.T. oil AG calls for full transparency

The Management Board of C.A.T. oil AG is fully committed to get clarification on the asserted shareholder change at its major shareholder CAT. Holding and the mandatory public takeover offer announced by Joma Industrial Source Corp. on October 31, 2014.

November 5, 2014

C.A.T. oil AG / C.A.T. oil AG comments on announced mandatory publictakeover offer by Joma Industrial Source Corp.

The Management Board of C.A.T. oil AG, a provider of oil and gas field services in Russia and Kazakhstan, takes note of the announcement of a mandatory public takeover offer by Joma Industrial Source Corp, a company affiliated with Mr. Maurice Dijols and domiciled in the British Virgin Islands. The Management Board of the Company has not been approached by the Bidder and the decision to launch a takeover offer is unsolicited.

October 31, 2014

Who is Private Equity Investor Advent International?

Advent International is an American global private equity firm focused on buyouts of companies in Western and Central Europe, North America, Latin America and Asia. The firm focuses on international buyouts, growth and strategic restructuring in five core sectors. In 2008 the firm raised an additional €1 billion for investments in Central and Eastern Europe. Advent has acquired a number of companies in Central and Eastern Europe through its dedicated regional funds. These include Romanian Ceramica IASI, one of Romania’s leading ceramic bricks and clay roof tiles producers, Bolix, a leading Polish producer of construction chemicals, Dufa Deutek, Romania’s largest decorative paints producer, and LaborMed Pharma, which manufactures and distributes generic pharmaceuticals primarily for cardiovascular and central nervous system aliments, and now Hypo Group Alpe Adria's Balkan assets.

October 30, 2014

IFM Global Infrastructure Fund: Public Offer for minority stake of Flughafen Wien AG

The IFM Global Infrastructure Fund intends to launch a public voluntary offer pursuant to §§ 4 et seq of the Austrian Takeover Act to acquire a non-controlling minority stake of between 20% and 29.9% of the share capital of Flughafen Wien AG through its indirect subsidiary, Airports Group Europe S.à r.l.

October 13, 2014

Strabag aquires industry services provider DIW

Strabag SE has acquired DIW Instandhaltung Ltd. & Co. KG of Stuttgart, a 100 % subsidiary of Voith GmbH, for integration into its property and facility services division Strabag PFS.

September 30, 2014

RHI AG / Transaction of the acquisition of magnesite mining rights and existing production facilities in Turkey abandoned

The contract signed between Magnesit Anonim Sirketi, a Turkish subsidiary of RHI AG, and the Turkish Cihan Group for the acquisition of a raw material plant and mining rights in Erzurum, Turkey, provided for different contractual conditions for the final fulfillment of the transaction (closing). Although the deadline was repeatedly extended, several of these contractually defined conditions were not met. Consequently, the transaction was not closed at the expiry of the long stop date on September 30, 2014.

September 30, 2014

S&T Leads the Acquisition of Smart Grid Market Leader in Europe

S&T AG signed today a contract for the acquisition of the smart grids business of the California-based Echelon Corporation. The acquisition is to take place via a company that will soon be founded, and in which S&T AG will have a 40% stake, with the rest of the new company's shares being held by strategic and financial investors. The corresponding contracts have already been concluded.

August 22, 2014

Efkon Signs Vehicle-Tracking-Devices Deal with Indian Oil Corporation

Continuing the winning streak in the VTS (Vehicle-Tracking-Devices) business, Efkon India again was successful in winning 4 tenders for vehicle tracking systems. The Indian Oil Corporation Ltd. ordered a total amount of 6631 devices which equals an order intake of € 1,4 Mio.

July 24, 2014

ams AG / AMS AG ("AMS") - STATEMENT REGARDING DIALOG SEMICONDUCTOR PLC ("DIALOG SEMICONDUCTOR")

July 22, 2014

Telekom Austria Group - Results of América Móvil public tender offer (Ad-hoc)

July 15, 2014