Read the latest headlines about financial transactions between Austrian and foreign parties, such as investments, important orders or M&A deals
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Austrian Company Deal News and Analysis

Schlecker Austria: Time Pressure Grows

The potential buyers of Schlecker Austria are still highly skeptical. Until August, a decision must be taken.

July 18, 2012

CEO Strauss Buys 38% of Porr´s Shares

Strauss-Group acquires equity stake of the B&C-Gruppe and of the UniCredit Bank Austria AG on the Austrian construction company.

July 16, 2012

Consolidation in CESEE Banking Industry Ahead

The Austrian Central Bank (OeNB) expects a wave of takeovers in the banking industry in Central, Eastern and Southeastern Europe. Many banking groups will withdraw from there, OeNB says.

July 13, 2012

America Movil Checks Telekom Austria

For one month, the Mexican investor Carlos Slim is the second-biggest investor at Telekom Austria. This week, he collected information about Telekom Austria´s technology and marketing strategy.

July 12, 2012

Schuler Recommends Accepting Takeover Bid by Andritz

The Board of Management and the Supervisory Board of the German engineering company recommend that shareholders accept the takeover bid issued by Andritz. A Bid price of € 20.00 per share is deemed to be fair.

July 12, 2012

Austrian M&A Activity Faces Depression

Due to the global insecurities, the M&A activities in Austria decreased substantially in the last year. Against the prior year, the number of deals was down by 27%.

July 11, 2012

Germany Still Biggest Investor in Austria

For years, Germany leads the ranking of foreign investors in Austria. The Northern neighbour country is followed by Switzerland, Italy, the Netherlands and the U.S.

July 9, 2012

Telekom Austria Not Interested in Telecom Kosovo

The privatization of the state-owned Kosovan PTK has begun. Telekom Austria will not participated in the sales process.

July 5, 2012

Voestalpine to Put Effort into Growth

The Austrian steel producer intends to grow through acquisitions again in the medium term. Exports to Brazil and Asian countries should be promoted.

July 4, 2012

Czech Republic: OMV Withdraws, MOL Expands

The Hungarian oil and gas group purchased 124 petrol stations in the Czech Republic. The Austrian OMV continues its downsizing strategy.

July 4, 2012

Austrian Authorities Examine Slim´s Entry at Telekom

After the acquisition of Ronny Pecik´s stakes in Telekom Austria, the Mexican investor will hold 26%. The Austrian Federal Competition Authority (BWB) examines until the end of July.

July 3, 2012

C-Quadrat to Acquire UK Fund Management Company

The Austrian Investment Fund intends to take over the British BCM Group, which manages assets of € 800m.

July 2, 2012

Massive Austerity Cuts at Porr

The third-biggest Austrian construction company examines its cost structure. First effects should be visible still in 2012.

July 2, 2012

Volksbanken Sector to Become Merged

After months of negotiations, the merger between VBAG and the 52 Volksbanken is resolved. The merger was the prerequisite for getting bank aids.

June 30, 2012

„Good Prospects“ For Schlecker Austria

The insolvency manager of the bankrupt German chemist chain views „promising talks with potential investors“.

June 30, 2012

Uniqa Completes Sale of Mannheimer Group

The Austrian insurance group Uniqa completed the sale of the Frankfurt listed company Mannheimer AG Holding to Continentale Versicherungsverbund. Growth in CESEE countries should be strengthened.

June 29, 2012

Petrom Sells LPG

In order to optimize the R&M portfolio, the Romanian subsidiary of Austrian OMV sells its bottling plant to Crimbo Gas International. The price was not disclosed.

June 29, 2012

ÖIAG: No Solution in Sight

Today, the supervisory board of the Austrian Industrial Holding (ÖIAG) had a meeting. A clear strategy will not be found anyway.

June 28, 2012

Orange Deal: „Federal Competition Authority is Ignorant“

The Austrian Federal Competition Authority (BWB) has to examine the takeover of Orange by Hutchison Austria thoroughly. The patience of all parties is limited.

June 28, 2012

VIG Completed Polisa Life Acquisition in Poland

The Vienna Insurance Group AG is the new owner of the Polish life insurance company Towarzystwo Ubezpieczeń na Życie "POLISA-ŻYCIE" S.A. With this transaction, the VIG has acquired about 92 percent of the life insurer.

June 28, 2012

OMV´s Petrom: Investments Totaled € 7.7bn Since 2004

Petrom, the Romanian subsidiary of Austrian OMV finalized the upgrade of the crude vacuum distillation unit in Petrobrazi refinery. Investments of approximately € 100m will be made.

June 27, 2012

Telekom Austria: Pecik Achieved Sale Proceeds of € 882m

The Austrian investor sold his 21.0% share in Telekom Austria to Carlos Slim. The share price was € 9.50.

June 25, 2012

Dismal Prospects for Schlecker Austria

An insolvency of Schlecker Austria seems likely. A sale to MTH is still uncertain.

June 25, 2012

U.S. Hedge Funds Hinders Andritz

The Austrian technology group Andritz plans a complete takeover of the German Schuler Group. The U.S. hedge funds Elliott Capital recently acquired a stake in Schuler.

June 25, 2012

Leipnik-Lundenburger May Go Public

The new CEO of Raiffeisen Holding Erwin Hameseder considers privatizing the food company. There would be other privatization candidates in the renewable energy sector.

June 22, 2012

Orange: Takeover Is Questionable

The takeover of the third-biggest telecommunication operator in Austria by the Hong Kong-based Hutchison may fail.

June 22, 2012

Telekom Austria: Slim Expected to Invest Further

The Mexican investor controls about 26.9% of Telekom Austria´s shares. An increase of up to 50% is possible.

June 21, 2012

Erste Pursues Downsizing Strategy in Romania

Last month, the Austrian Erste Group closes about 25 bank branches of BCR in Romania.

June 21, 2012

Uniqa Acquires EBRD’s Interests in Subsidiaries in CESEE

The Austrian insurance group concluded an agreement for the acquisition of EBRD’s interests in subsidiaries in Croatia, Poland and Hungary.

June 20, 2012

OMV Announces UK North Sea Divestments

OMV divests 5% stake in the Beryl Area producing fields for a consideration of USD 118m and acquires 17.5% stake in Tobermory and Bunnehaven discoveries West of Shetlands, from Statoil (U.K.).

June 20, 2012

Euris Interested in Croatian TLM-TVP

The Austrian aluminum trader Euris shows interest in the Croatian aluminum rolling mill. Austrian Hypo Group is the seller, the Swiss Montana Tech Components is still a potential buyer.

June 18, 2012

Mitterlehner Suggests Dissolving ÖIAG

The Austrian Minister of Economics Reinhold Mitterlehner intends to privatizie the remaining stake in Telekom Austria. This could mean the end of the Austrian industrial holding.

June 16, 2012

Slim Officially Holds 9.89% in Telekom Austria

Carlos Slim, who will buy Pecik´s shareholding in Telekom Austria, already exceeded the 5.0% threshold substantially. Slim will become Telekom´s second largest shareholder.

June 16, 2012

Orange Takeover to be Postponed

The Commission of the EU identified several shortcomings in the takeover of Orange by the Hong Kong based Hutchison.

June 15, 2012

Major Loss at VBI

The Sberbank-owned Volksbank International (VBI) recorded a net loss of € 95.5m last year.

June 15, 2012

Slim Becomes Major Shareholder at Telekom Austria

The Austrian investor Ronny Pecik sells his shares to the Mexican Carlos Slim. The main shareholder ÖIAG welcomes this step.

June 15, 2012

Cross Industries AG and KTM AG Taken Over

Pierer GmbH indirectly takes control over Crosss Industries AG and KTM AG Syndicate agreement between Knünz GmbH and Pierer GmbH triggers obligation of Cross KraftFahrZeug Holding GmbH to make a mandatory bid .

June 14, 2012

Beyrer Leaves ÖIAG

The chairman of the Austrian industrial holding resigns and will switch to Brussels.

June 14, 2012

MTH Group Considers Taking Over Schlecker Austria

The industrial holding group MTH may acquire the Austrian subsidiary of the insolvent German Schlecker Group.

June 12, 2012

OMV Negotiates Petrol Station Sale with Russian Zarubezhneft

The Austrian oil and gas group OMV intends to sell its petrol station network in Croatia and Bosnia. The Russian Zarubezhneft seems to be interested.

June 12, 2012

TLM Sale Process Stopped

Austria´s Hypo Group sells the Croatian aluminum company TLM. After the signing with the designated buyer, the Swiss Montana Group, the sale must be re-started.

June 8, 2012

Slim to Enter Telekom Austria

The world´s richest man, the Mexican investor Carlos Slim is said to own a 4.0% stake in Telekom Austria and to buy Pecik´s stake for € 9.5 per share.

June 5, 2012

Erste Raises Stake in BCR

Erste Group’s ownership in BCR increases to 93.27%, following the successful buyout offer for minority shareholders.

June 5, 2012

B&C Industrieholding to Sell Major Stake in Porr

The Bank Austria-owned B&C Industrieholding is said to sell ist 37% stake in the Austrian construction group. CEO Karl-Heinz Strauss may be a potential buyer.

June 5, 2012

No Future for Schlecker

The insolvent German chemist chain will be closed. Fort he Austrian subsidiary, the search for a buyer goes on.

June 1, 2012

Andritz Now Holds 53.5% in Schuler

The Austrian technology group acquires just over another 5% of Schuler AG shares.

June 1, 2012

Pecik Finds New Partner

The Austrian investor and second-largest shareholder of Telekom Austria is said to cooperate with a Russian billionaire.

June 1, 2012

Telekom Austria Files for „Yesss!“ Takeover

Telekom Austria Group files with the Austrian Federal Competition Authority the notification for the proposed acquisition of Yesss!

May 31, 2012

Andritz Acquires Further 10% of Schuler AG Shares

The Austrian technology group now has access to 48.5% of the total shares.

May 31, 2012

Schlecker Austria: Sale Seems Likely

The Austrian subsidiary of the German chemist retail chain is said to be sold.

May 30, 2012