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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
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
Attacks Against ÖIAG, Appeal on Government
The Austrian Chamber of Labor (AK) says that Telekom Austria´s main shareholder ÖIAG has failed. The works council fears a slow, but steady privatization.
May 26, 2012
Wienerberger Closes Takeover of Pipelife
For a purchase price of € 162m, Wienerberger will increase revenues by approx. € 800m and EBITDA by approx. € 70m per year.
May 25, 2012
Sawiris Threatens ÖIAG with Slim
The new shareholder at Telekom Austria Naguib Sawiris announced to sell his stake to the Mexican investor Carlos Slim if the industrial holding ÖIAG does not act cooperatively.
May 24, 2012
Pecik Becomes Member of Telekom Austria´s Supervisory Board
The Austrian investor, who holds a 21.5% stake in Telekom Austria together with his partner Naguib Sawiris, was elected as new supervisory board member. Sawiris was no candidate.
May 23, 2012
Downsizing: Hypo Group Aims to Achieve Proceeds of € 1.5bn
The nationalized Austrian banking group Hypo Group Alpe Adria starts its sales program in SEE countries and wants to achieve proceeds of € 1.5bn
May 21, 2012
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