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OMV Deal: Many Questions Without Answer

Not only the extent of the takeover is unknown, but also how it will be financed.

October 22, 2010

A-Tec Offers a 30% Quota

CEO Kovats is trying to rehabilitate his insolvent company with the help of creditors.

October 21, 2010

Bond Refinancing Collapsed: A-Tec Starts Insolvency Proceedings

After several problems with the refinancing of its corporate bond, A-Tec decides to start a restructuring.

October 20, 2010

A-Tec CEO Kovats: Refunding After 2nd November Possible

“There will be a solution.” Discussions with investors continue.

October 18, 2010

Macquarie to take over Innovest from Siemens

The Macquarie Group acquires Siemens' Innovest KAG. Innovest's activities are an important platform for Macquarie Funds Group in Central Europe and fit into the strategy of Macquarie to build a global asset management company.

October 7, 2010

C-Quadrat stake held by AvW to be sold by auction

The liquidator of AvW Gruppe AG has decided, that the 32.59% stake in C-Quadrat Investment AG (1.422.365 shares) will be sold by auction on October 13, 2010.

September 24, 2010

Madoff Fund Report: Enormous Fees Without Any Value Added

After 9.5 years, 50,000 euro would have been eaten up by the "Primeo Select Fund" because of the high fees, is the opinion of an investors’ lawyer about the monies invested by Bank Austria with Bernie Madoff.

September 22, 2010

Russian Fund Accuses RZB of Money Laundering

The Russian fund Hermitage Capital, which has been at loggerheads with the Russian authorities for years owing to a major tax fraud case, now accuses the Raiffeisen Zentralbank (RZB) for having aided and abetted the money laundering.

September 14, 2010

Schoeller-Bleckmann Oilfield Equipment AG publishes half-year results

SBO, listed on the ATX market of the Vienna Stock Exchange, was able to take advantage of the increasingly rebounding market environment in the oilfield service industry in the first half of 2010.

August 18, 2010

Banks-Stress Test - Friday evening moment of truth

At 6pm the Association of European Banking Regulators publish the result of the test of 91 European financial institutions. In Austria, Erste Bank, RZB and Bank Austria will be tested.

July 21, 2010

Banks threaten with drastic job cuts

Bankers warnings on impact of the stricter financial rules, five to ten thousand jobs are threatened.

July 19, 2010

Stress tests - according to Cernko, Austrian Banks in the bottom third

Referring to speculation according to which Austrian banks with their relatively low equity ratio should not perform that well, Bank Austria CEO Willibald Cernko said "If one considers capital only, they will be at the top of the bottom third."

July 15, 2010

Public debt an obstacle for companies

Uncertainty of government bonds increases financing risk warns S & P – Euribor registers eleven months high The uncertainty about the financial situation of some European countries could have an impact on sensitive companies. The U.S. rating agency St

July 14, 2010