Equity Markets

Austrian Railways „Fit for the Capital Market in a Few Years“

Horst Pöchhacker, chairman of the supervisory board of Austrian Railways (ÖBB) thinks that the transport group will face more competition. A privatization would take time.

August 6, 2012

Vienna Stock Exchange: „Too Early for Investments“

VSE´s CEO Birgit Kuras explains why listings at Vienna Stock Exchange are declining. In the medium term, the conditions for the equity market would be favorable, however.

July 26, 2012

Outlook 2012: „ATX moderately positive in 2012“

Erste Group: „Environment to remain volatile; relatively low debt in Austria and CEE and yields on Austrian government bonds confirm save haven“.

July 21, 2012

Austerity Program at RBI

Raiffeisen Bank International´s CEO Herbert Stepic is against a capital increase. The market conditions would be unfavorable.

July 20, 2012

Vienna Stock Exchange Claims to Abolish Security Gains Tax

In April, transactions were down by 25%, CEO Michael Buhl says. Since December turnover fell dramatically at Vienna Stock Exchange.

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

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

WSE Remains European Leader by Number of IPOs

Warsaw Stock Exchange is the leader by the number of IPOs and Europe’s third market by the value of IPOs in Q2 2012.

July 11, 2012

OeNB Calls Austrian Banks to Improve Equity Base

Presentation of the 23rd Financial Stability Report of OeNB (Austrian Central Bank): Austrian Financial System Influenced by Tensions in the International Financial Markets.

July 9, 2012

Dividend at voestalpine Unchanged

CEO Wolfgang Eder: “voestalpine focuses on continuity even in terms of dividends”. Heinrich Schaller succeeds Ludwig Scharinger on the Supervisory Board.

July 5, 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

Substantial Increase in Dividends at Agrana

Agrana´s Annual Shareholders’ Meeting approves a dividend increase and appoints members to the Supervisory Board.

July 2, 2012

Boom in New Listings at Prague Stock Exchange

The CEESEG member Prague Stock Exchange is pleased about new listings despite the current economic crisis.

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

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

Energochemica Enters the Prague Stock Exchnage

Energochemcia SE officially announced its intention to enter the Prague Stock Exchange (PSE). The company wants to focus on acquisitions of key energy and chemical industry companies.

June 29, 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

Uniqa Initiates Cash Capital Increase

The Austrian insurance company improves its equity base via a Re-IPO. The size of cash capital increase reaches € 500m.

June 26, 2012

„We will Examine Every Single Shareholding“

Raiffeisenlandesbank Upper Austria´s new CEO Heinrich Schaller announced in an interview with „Wirtschaftsblatt“ that the banking group´s efficiency should be enhanced.

June 22, 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

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

Austrian Banks Report Small Growth in Lending

Regarding company loans, Austrian banks record a stable recovery, the Austrian Central Bank (OeNB) reports.

June 20, 2012

„ÖIAG Should Finance Start-Ups“

The Federation of Austrian Industries (IV) suggests using ÖIAG´s investment income for the purpose of financing start-up enterprises.

June 19, 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

RZB Wants to Keep Austrian Deposit Protection

Raiffeisen Zentralbank´s CEO Walter Rothensteiner is skeptical of the European deposit protection proposal.

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

Rising Cash Holdings at Austrian Companies

According to a study by PwC, Austrian leading companies record higher cash holdings for security reasons.

June 13, 2012

Downgrade for Austrian Banks

The U.S. rating agency Moody´s downgrades Erste Group, Raiffeisen Bank International and Bank Austria.

June 6, 2012

U.S. Forest Laboratories Cooperates with Nabriva

The U.S. pharmaceutical company provides funds of $ 25m to the Austrian Nabriva and secures pre-emptory rights.

June 2, 2012

Positive Result at Austrian Pension Funds

Assets under management rose by 5.6% in the first quarter of 2012. The yield was beyond the long-term average of 2.8%.

May 31, 2012

Participation Capital: € 98m Interest Payment by Erste Group

The Austrian bank pays € 98m in interest to the Republic of Austria.

May 31, 2012

The Euro - A Big Error (Part 3)

The common currency did not create convergence, but widened the gap between Northern and Southern Eurozone member states.

May 29, 2012

Austrian Banks Record Profits Due to Special Items

This year, Austrian banks achieved earnings of € 1.0bn. This does not relate to operating business, but with special items.

May 26, 2012

ÖIAG Cuts Dividends

The publicly held industrial holding ÖIAG pays dividends of € 155m to the Austrian state. This is a decline by 18.4%.

May 26, 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

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

Only 10% of Austrians Want to Invest in Securities

The confidence in equity markets is damaged. 62% expect the highest returns from gold and real estate. Only one out of ten Austrians are willing to buy securities.

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

“Telekom Austria May Become Second AUA“

The head of the Austrian investor´s association (IVA) Wilhelm Rasinger fiercely criticizes Telekom Austria´s core shareholder ÖIAG.

May 22, 2012

Rothensteiner: Return to Drachma would be „Utter Chaos“

The CEO of the Austrian RZB (Raiffeisen Zentralbank) warns of a Greek exit. At the moment, there would be not contagiousness for Spain or Italy.

May 21, 2012

„I´m Glad That It Is Over“

Andreas Treichl, CEO of Erste Group had to present the first annual loss to the shareholders since its IPO in 1997.

May 15, 2012

Intercell Completes Equity Private Placement

The Austrian pharmaceutical company raises funds of € 15.2m at a price of € 2.30 per new share - bringing total volume of combined debt and equity financing to € 35.2m.

May 15, 2012

Dividend Increase at OMV

OMV’s Ordinary Annual General Meeting has approved a dividend of € 1.10 per share for 2011 as well as all other agenda resolutions.

May 11, 2012

Vienna Insurance Raises Dividends by 10%

The biggest Austrian insurance group resolves an increase in dividend by 10 percent to € 1.10 per share.

May 4, 2012

Porr Urgently Needs New Capital

The Austrian construction company wants to strengthen its equity base, which shrank to 15%. In 2010, the quota stood at 22%.

May 1, 2012

Erste Group Surpasses Expectations

The Austrian banking group improves net profit to € 346.5m in Q1 2012, EBA capital requirement already met as of March 2012.

April 30, 2012

Dividend Increase at SBO

Schoeller-Bleckmann Oilfield Equipment AG: Annual General Meeting adopts resolution to increase dividend to € 1.20 per share. A share buyback programme has been renewed.

April 26, 2012

RZB to Increase Capital

In order to cover its capital shortfall, RZB (Raiffeisen Zentralbank plans a capital increase of € 840m. Participation capital will turn into core Tier 1 capital as per EBA definition.

April 20, 2012
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