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Austrian Company Deal News and Analysis
Read the latest headlines about financial transactions between Austrian and foreign parties, such as investments, important orders or M&A deals
Orange Takeover Finally Approved
After more than ten months, the EU Commission approved the takeover of the third-largest Austrian telecommunication operator by the competitor Hutchison Austria.
December 12, 2012
Zavarovalnica Maribor Remains Slovenian
The Slovenian insurance company was taken over by the Sava Re. NKBM has to increase its equity quota.
December 11, 2012
Bank Austria: Major Losses in Kazakhstan
In 2007, Bank Austria took over the Kazakh ATF Bank. In total, the banking group is threatened to record losses of up to € 1.8bn. Now, Bank Austria is said to leave Kazakhstan.
December 11, 2012
Orange-Takeover: Commission to Announce Decision Next Week
EU Commissioner Joaquin Almunia said that the final decision will be published next week. The deal is likely to be approved.
December 8, 2012
RBI Sells Stake in RHI
The Austrian Raiffeisen Bank International sells the 7.3% interest in the Austrian refractory company.
December 7, 2012
Voestalpine Acquires Canadian Sturdell Industries
The Vienna-listed voestalpine Group continues to further expand its market position in North America by undertaking an acquisition in its special steel segment.
December 7, 2012
Hypo Group: Deadline Expires
Today, the first deadline for the sale of Hypo Group´s subsidiaries in Southeast-Europe expires.
December 7, 2012
Legal Merger of Raiffeisen Bank Polska and Polbank EFG Approved
Approval is starting point for unification of market approach and operational merger process. Cost synergies to be achieved by optimization of the branch network and the staff number, among other measures.
December 5, 2012
Verbund Focuses on Hydro Power
After the deal with German E.ON, the biggest Austrian energy company has a new core market and a new core product.
December 4, 2012
Verbund Sells Enerjisa to E.ON
Verbund, Austria’s leading utility, and E.ON, one of the world’s largest energy providers, have reached an agreement on an asset swap.
December 3, 2012
RHI: USA and India as Growth Markets
CEO Franz Struzl considers expanding into India, Russia and the U.S. Investments will reach about € 50m.
December 1, 2012
Slovenia: Austrian Grawe Will not Take Over ZM
The second-biggest Slovenian bank NKBM (Nova Kreditna Banka Maribor) sells its interest in the insurance group Zavarovalnica Maribor (ZM). Sava Re negotiates with NKBM already.
November 30, 2012
Hypo Group Sold AluFlexPack to MTC
After months of negotiations, the Austrian nationalized bank sold the Croatian aluminum company to the Switzerland-based Montana Tech Components.
November 30, 2012
OMV Sells Its Marketing Subsidiary in Bosnia-Herzegovina
With this move, OMV Refining & Marketing has completed the next step in implementing the defined divestment program that contributes to reduce the weighting of the Refining and Marketing division in the overall OMV portfolio.
November 30, 2012
Orange-Takeover: One Step Closer to the Goal
Telekom Austria is allowed to take over the discount operator Yesss!. Now, only the Commission has to approve the whole deal.
November 27, 2012
Porr: Renaissance Group to Enlarge its Interest
The Turkish Renaissance Group owns a 10% interest in Porr and wants to reach a blocking minority at the Austrian construction company.
November 23, 2012
Verbund Leaves Turkey
The Austrian energy group sells its interest in Enerjisa to German E.ON. Verbund will re-focus on hydro power.
November 23, 2012
Porr: Shareholder Structure to Change
The Austrian construction company plans to increase its free float. CEO Karl-Heinz Strauss has made his compulsory offer.
November 22, 2012
Zavarovalnica Maribor Sale: Slovenia Under Pressure
The Slovenian bank NKBM has to sell its stake in the second-biggest Slovenian insurance company Zavarovalnica Maribor (ZM). The sale proves difficult.
November 21, 2012
Hutchison Austria: Takeover Approved
The EU Commission allows the Hong Kong-based telecommunication group to take over its Austrian competitor “Orange”. The Austrian Federal Competition Authority is not convinced yet.
November 21, 2012
Borealis to Acquire Dutch DEXPlastomers
The Austrian chemical group expands into the Netherlands.
November 12, 2012
Romanian Postmaster Fully Owned by Austrian Post
Austrian Post has acquired the remaining 74% shareholding in the Romanian company Postmaster s.r.l. which is the leading alternative postal services provider in Romania.
November 8, 2012
Strabag Aims to Take Over Italian Highway Operator
The Italian highway operator Milano Serravalla is going to be privatized. The Austrian construction company plans to acquire the majority.
November 7, 2012
Palfinger Takes Over Norwegian Bergen Group Dreggen
The Austrian crane manufacturer today announced that it has agreed to take over Bergen Group Dreggen AS, a Norwegian producer of marine and offshore cranes and lifting equipment.
October 30, 2012
RHI Aims to Take Over Orient Refractories
The Austrian producer of refractories plans to expand in India. The investment may have a size of € 80m.
October 29, 2012
VIG Considers Expanding Further
Vienna Insurance Group has cash reserves of € 1.5bn. Now, the insurance group wants to take over some small or medium-sized companies.
October 24, 2012
Bawag Gets New Owner
In return for a capital increase of € 200m, the U.S. investment fund Cerberus cedes a 33% stake in the Austrian bank.
October 19, 2012
Verbund Does Not Exclude Sale of Enerjisa
The Austrian energy company Verbund is said to withdraw from Turkey. However, further investments would be conceivable too, Verbund says.
October 12, 2012
Verbund Sells € 70m Asset
Austria’s biggest electricity producer is focussing on majority interests with emphasis on hydropower.
October 11, 2012
Grawe Bids for Zavarovalnica Maribor
The Austrian insurance group wants to take over the Slovenian insurer Zavarovalnica Maribor (ZM). ZM´s management prefers Slovenian bidders.
October 10, 2012
Andritz is Concerned About China
The CEO of Andritz Wolfgang Leitner thinks that there are substantial risks for the Chinese and European economy.
October 10, 2012
Hutchison Tries to Persuade EU Commission
The smallest Austrian telecommunication operator wants the EU Commission to approve the takeover of Orange.
October 8, 2012
Andritz Acquires Allied Environmental Solutions, USA
The Austrian technology Group Andritz has acquired Allied Environmental Solutions, Inc. (AES), with headquarters in Columbia, Maryland, USA.
October 8, 2012
Slovenia: Second-Largest Insurance Group to be Sold
The Austrian Uniqa Group and Grazer Wechselseitige Versicherung (Grawe) are interested in Zavarovalnica Maribor (ZM):
October 8, 2012
Erste Group to Sell Ukrainian Subsidiary
This year, the Austrian bank plans to sell its Ukrainian business segment. Erste Group entered the Ukraine in 2006.
October 8, 2012
Semperit Takes Over Malaysian Latexx Partners
The takeover leads to the next phase of global growth, the Austrian company says. Semperit has secured a 47.3% stake in Latexx Partners from its core shareholders.
October 8, 2012
Orange to Withdraw from Austria?
Insiders report that the third-largest telecommunication service supplier in Austria may leave. The merger with Hutchison is in a critical condition.
October 4, 2012
Viennese Investors to Sell UkrTelekom
The Ukrainian investor Rinat Achmetow is said to acquire UkrTelekom.
October 3, 2012
Merger Hutchison 3G-Orange: EU Still Sceptical
EU Commissioner Joaqin Almunia expresses his concerns on the merger. “The number of operators would go down to three from four in Austria.” He says.
October 2, 2012
Erste Group´s Core Shareholder Sells 14 million Shares+
Erste Stiftung, the core shareholder of Austrian Erste Group, remains the biggest shareholder, though.
October 2, 2012
M&A´s: Poland Ranks First Among CEE Countries
According to a study by Ernst & Young Poland ranks 30 among 148 countries.
October 1, 2012
Raiffeisen: CEE Network to be Closed
Austrian RBI (Raiffeisen Bank International) announces that the expansion in Central and Eastern Europe will be concluded soon.
October 1, 2012
Sale of Kommunalkredit: First Offers Expected
The nationalized Austrian bank should be sold until June 2013. Next week, the first non-binding offers are expected.
September 29, 2012
Telekom Austria: Acquisition of „Yesss!“ Uncertain
In an interview with „börseexpress“, Telekom Austria´s CFO Hans Tschuden explains that the takeover of Orange´s discount brand “Yesss!” must be re-considered.
September 27, 2012
bwin.party to Be Taken Over?
The London and Vienna-listed gambling group is said to be an acquisition target.
September 26, 2012
Hutchison 3G: No Further Concessions
The Austrian subsidiary of the Hong Kong-based telecommunication group is not ready to make further concessions to the EU-Commission. For the takeover target Orange, this may cause substantial problems.
September 25, 2012
Slim Now Officially Core Shareholder of Telekom Austria
América Móvil Holds Directly and Indirectly 22.76% of Total Shares of Telekom Austria AG. The seller, the Austrian investor Ronny Pecik has no shares in Telekom Austria anymore.
September 25, 2012
Merger of Hutchison and Orange Still Uncertain
The takeover of Austrian telecommunication operator Orange by the Hong Kong based Hutchison faces legal problems.
September 21, 2012
VBAG to Cut More than 1,000 Jobs
Today, the Austrian problem bank announced to sharpen its austerity program radically. Until 2017, VBAG must be downsized to the half of its current size.
September 21, 2012
Mayr-Melnhof to Become Market Leader in Colombia
The Austrian carton producer Mayr-Melnhof Packaging acquires Colombian Plegacol and creates a new Colombian market leader in folding cartons.
September 17, 2012
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