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

Semper Constantia Invest Becomes Core Shareholder of German Praktiker

The Austrian investment company has increased its stake to become the second largest shareholder in the ailing German do-it-yourself store chain.

September 15, 2011

Erste Group Increases Stake in Romanian BCR

The Austrian bank enters into agreement with four regional investment funds to acquire a further 24.12% in its Romanian subsidiary.

September 14, 2011

East Coast Minerals Reaches Milestone in Lithium Project

Exploration and mining licenses for the lithium deposit in Carinthia have been transferred to the Australian company.

September 14, 2011

Sale of Volksbank International Finalized

The Eastern European subsidiary will be sold for a price ranging from € 585m to € 645m depending on business performance in 2011.

September 8, 2011

A-Tec Accepts Offer of Contor Industries

After several months of negotiations a decision has been made: The group will be split up, ATB and Montanwerke Brixlegg will be sold to foreign investors.

September 5, 2011

A-Tec: Kovats to Step Back by Year-End

The CEO of the insolvent Austrian group wants to finalize the deal with an investor before resigning from his position. Negotiations with Penta have been suspended.

September 1, 2011

VIG Merges Polish Subsidiaries

The Austrian insurance group expects increased efficiency resulting from the planned merger between InterRisk and PZM.

August 31, 2011

Kneissl: Decision about Sale to Be Taken in September

Four international investors are interested in taking over the insolvent Austrian ski manufacturer. A purchase price of € 4m is expected.

August 29, 2011

Palfinger Closes Acquisition of Russian Inman

The Austrian crane producer completed the takeover of its Russian competitor. The deal is regarded as an important step in the company’s growth strategy in the CIS area.

August 26, 2011

Sberbank Reduces Offer for VBI after Drop of Share Prices

Sberbank wants to pay less for the purchase of Volksbank International after European bank shares have dropped more than 20%. Executives are going to meet on 28 August to negotiate the deal.

August 26, 2011

A-Tec: Supervisory Board Postpones Decision to September

A decision on the sale of the insolvent conglomerate will not be taken before 2 September. Penta Investments is irritated by the offer of a competing bidder.

August 26, 2011

Austrian paysafecard Group Acquires Dutch Competitor Wallie

The Austrian provider of prepaid payment methods expands its international market leadership. The company now operates in 28 countries.

August 24, 2011

Vienna Insurance Group Expands Involvement in Albania

With the acquisition of a 75% stake in Intersig, the Austrian insurance company raises its market share in Albania to 30%.

August 24, 2011

Kovats with New Plans for A-Tec

According to a new proposal, Penta Investments should only take over part of the Austrian conglomerate. CEO Kovats has submitted an own offer with financial support from a Pakistani billionaire.

August 24, 2011

Ecowind Acquired by German BayWa

Europe’s largest agricultural trading company pays € 4.6m for a 90% stake in the Austrian project company.

August 23, 2011

Further Delay in Sale of A-Tec

The group’s supervisory board has asked for expert advice on the sales process. A decision might be taken at the end of August.

August 18, 2011

Upper Austrian PAA Laboratories Acquired by GE Healthcare

The Pasching-based cell culture company will combine with the global provider of medical technologies and services. The deal is expected to close in the third quarter.

August 18, 2011

Erste Group not Interested in Polish Bank Millenium

The Austrian bank continues looking for opportunities to expand into Poland after it has ruled out an acquisition of Bank Millenium.

August 16, 2011

Constantia Flexibles Acquires Turkish Asaş

The subsidiary of Constantia packaging took over 93% of the Turkish company. The deal has already been approved by the cartel authorities.

August 11, 2011

Zhengzhou Acquires Plant in Upper Austria

The Chinese state-owned company takes over a textile machine factory in Linz from Swiss Oerlikon.

August 9, 2011

Telekom Austria Closes Acquisition of Croatian B.net

The Austrian telecommunications group has received green light from Croatia’s competition authority for the acquisition of the country’s largest cable operator.

August 8, 2011

Hypo Alpe Adria Sells Stake in Hypo Insurance

All of the Austrian bank’s 20% stake will be taken over by majority owner Grawe insurance.

August 4, 2011

Polytec Expands Capacities after Strong First Half of 2011

The Austrian component supplier achieved significant growth in earnings and is going to invest in its core competences. The group will acquire PPI Plastic Products Innovation GmbH & Co KG.

August 3, 2011

Immofinanz Acquires Development Site in Poland

The Austrian real estate company plans to develop a shopping center in the Polish city of Lublin. Opening is scheduled for 2013.

August 2, 2011

Bawag Sells Stiefelkönig to Leder & Schuh

The Austrian shoe retail chain is taken over by its strongest competitor. The deal is subject to approval by the competition Authority.

July 29, 2011

bwin.fr and sajoo.fr to Merge

The online gaming providers agreed to merge their French businesses. The companies have already been working together since 2008.

July 29, 2011

BDI Increases Shareholding in Enbasys

The Styrian company listed at the Frankfurt Stock Exchange raised its stake in the bio gas specialist to 81%. Acquisition of the remaining shares is about to be completed.

July 29, 2011

Penta Is Extending Offer for A-Tec

The Czech-Slovak investment group has affirmed its interest in a takeover of the Austrian conglomerate and extended the validity of its offer.

July 28, 2011

Erste Bank Fixed the Takeover of Intermarket Bank

Erste Bank took over 56% in Austria’s largest factoring bank from the Polish subsidiary of Commerzbank and will acquire another 10% from Coface.

July 28, 2011

Pankl Acquires US-Based Superior Crankshaft

The Austrian component supplier takes over 100% of the American crankshaft producer which was also founded by Gerold Pankl.

July 27, 2011

Austrian Companies Looking for Acquisition Targets in Greece

Greece’s debt crisis offers opportunities for Austrian companies. They are especially interested in acquisitions of Greek subsidiaries in the Balkans.

July 25, 2011

PE Firm Acquires Prefabricated House Specialist Hanlo

The Styrian provider of prefabricated houses was acquired by H.I.G. European Capital Partners. Company founder Hanno Loidl will remain active in an advisory role.

July 19, 2011

Verbund Sold Renewables Portfolio to Axa Private Equity

The Austrian electricity company disposed of Poweo’s renewable energy business as a step towards restructuring of its portfolio in France.

July 19, 2011

SensorDynamics Acquired by Maxim

The Styrian semiconductor company was sold to Nasdaq-listed Maxim Integrated Products. The American group will pay approximately $ 130m (€ 92.3m).

July 19, 2011

Erste Group Provided Financing for Hospital in Warsaw

The € 32m acquisition financing is the first private hospital financing in CEE of that size which has been closed by Erste Group and also a first in Poland for the bank.

July 15, 2011

VBAG and Sberbank Agree on Sale of VBI

After several months of negotiations the two banks have agreed on the main conditions of the sale of Volksbank International. The deal will be closed by the end of this year.

July 15, 2011

A-Tec: Kovats Wants to Stay on Board

CEO Mirko Kovats does not want to give up control over the Austrian conglomerate. He is trying to push through a sale to his favorite bidder which would give him a role in the group.

July 15, 2011

Austrian High Q Technologies Sold to US Company

The Austrian manufacturer of lasers is acquired by Californian Newport, a global supplier of advanced products and solutions in several technology fields.

July 14, 2011

Strabag Becomes Sole Shareholder of German Möbius

The Austrian construction company further expands its position in the German hydraulic engineering sector. A majority stake in Möbius had been acquired in 2007 already.

July 14, 2011

Volksbanken Group Speeds Up Sale of VBI

In the face of the looming negative result of the stress test, the Austrian bank is trying to conclude negotiations with Russian Sberbank.

July 13, 2011

German LBBW Starts Sale of Property Portfolio – conwert Interested

An acquisition of the real estate portfolio is not affordable for the Austrian group. However, it might enter a partnership and take over the asset management.

July 13, 2011

Indian Motherson Sumi to Acquire Peguform from Cross Industries

The Austrian industrial holding company found a buyer for the automotive component supplier which had been separated from the Polytec Group in 2009.

July 13, 2011

OMV Closes Acquisition of Petronas Carigali

The Austrian oil and gas company purchased the exploration and production entity of Petronas in Pakistan. Strong growth potential is expected in the country.

July 12, 2011

Binder+Co Takes Over Italian Mechanical Engineering Company

Through the acquisition, the Austrian machine and plant manufacturer enlarges its portfolio and expands its sales network in the Mediterranean region.

July 12, 2011

Austrian dynaTrace Acquired by US Company

The global technology leader in APM solutions has been taken over by American Compuware. The transaction price amounts to $ 256m.

July 11, 2011

Palfinger Takes Over Russian Inman

The Austrian crane manufacturer acquires its leading Russian competitor. Inman will generate revenue of € 20m this year.

July 11, 2011

OTP Bank Shows Interest in Volksbank International

The Austrian Volksbanken AG found a second potential buyer for its Eastern European subsidiary. The Hungarian OTP bank wants to expand into the markets where VBI has a presence.

July 7, 2011

EVN Concludes Acquisition of Stake in Inn Power Plants

The Austrian electricity company purchased a 13% stake in Verbund’s hydroelectric power plants on the Inn river.

July 5, 2011

Sale of VBI to Be Signed in July

The Austrian Volksbanken Group and Sberbank have come close to an agreement on the sale of the Eastern European bank. The transaction price will be € 700m.

July 5, 2011

VIG Interested in Acquisition of Polish Warta Insurance

The Austrian insurance company might strengthen its position in the Polish market with the acquisition of a local company.

July 4, 2011