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M & A

Investors Refrain from Slovenia

Volume and demand from investors remain low on the Slovenian capital market.

August 5, 2013

Immofinanz Prepares for BUWOG Sale

The Austrian real estate company plans a going-public for Buwog in 2014. Above all, Immofinanz wants to complete Buwog´s German portfolio.

August 3, 2013

Hypo Group: Current Capital Injection Not Enough

Klaus Liebscher, head of the supervisory board of the nationalized Austrian problem bank, thinks that the Ministry of Finance will have to inject further money.

July 23, 2013

Hypo Group Needs Even More Money

The nationalized Austrian bank needs fresh funds of more than € 700m. For the Austrian taxpayers, the banking package becomes more and more costly.

July 21, 2013

bwin.party: Application for Block Listing in London

Application for Block Listing to the UK Listing Authority and to the London Stock Exchange

April 19, 2013

CSA: Korean Air Gets In

The South Korean airline will take over the publicly held stake in the loss-making Czech carrier.

March 16, 2013

VBAG is Forced to Continue Radical Downsizing Measures

The partly nationalized and financially stricken Austrian banking group has to implement a painful restructuring concept. At the moment, VBAG sells its properties.

March 15, 2013

CSA: Korean Air as Only Bidder

The Korean airline company aims to take over the publicly held stake in Czech Airlines (CSA). Korean Air only offers € 2.64m.

March 7, 2013

Czech Airlines May be Taken Over by Korean Air

The Korean airline company aims to take over the publicly held stake in Czech Airlines.

March 5, 2013

VBAG: Major Losses in Romania

The Romanian subsidiary of Austrian VBAG suffers from non-performing loan. Last year proved to be again a difficult one for the Romanian banking system, Raiffeisen Research states.

February 21, 2013

LOT to be Privatized in 2013

LOT Polish Airlines faces a dramatic phase of restructuring. In order to saleable, the airline company will downsize radically.

February 19, 2013

T-Mobile Continues Fight Against Orange Takeover

After the takeover of “Orange” by Hutchison Austria, the situation of telecommunication sector has changed significantly. T-Mobile´s management thinks that the takeover is unlawful.

February 19, 2013

Sberbank Threatens to Sue VBAG

Last year, VBAG has sold VBI (Volksbank International) to Russian Sberbank. Now, Sberbank is highly dissatisfied with the performance of VBI.

February 19, 2013

“Sale of Kommunalkredit Will Take Some Time”

Ewald Nowotny, governor of Austrian National Bank, believes that the sale of the nationalized Austrian banking group will take some years.

February 18, 2013

Borealis to Acquire Outstanding Shares of TOTAL Affiliate GPN SA

Borealis, an Austrian provider of chemical and innovative plastics solutions, has made a firm offer to TOTAL to purchase all outstanding shares of GPN SA, France’s largest nitrogen fertilizer manufacturer.

February 7, 2013

OMV Sells Its Marketing Subsidiary in Croatia

With this transaction OMV Refining and Marketing has completed the next step in implementing the defined divestment program.

February 1, 2013

Bank Austria Centralizes Operations in Baltic Countries

The Austrian subsidiary of Italian UniCredit has shifted the units in Lithuania and Estonia to Latvia.

January 29, 2013

Austrian Federal Competition Authority Approves Verbund´s Deal in Turkey

The Austrian energy group Verbund sells its stake in the Turkish joint venture Enerjisa to German E.ON. In return, Verbund gets E.ON´s hydro power plans in Bavaria.

January 11, 2013

Generali to Expand into CESEE Region

The Italian insurance group wants to strengthen its market presence in central, east and southeast Europe. The minority stake in the Czech insurer PPF will be acquired.

January 8, 2013

Orange: Hundreds of Jobs Endangered

After the takeover of the Austrian telecommunication operator Orange by Hutchison, the management wants to take advantage of the synergies.

January 8, 2013 · Updated: January 8, 2013; 12:00

T-Mobile Fights Against Orange-Takeover

The second-biggest telecommunication operator in Austria wants to prevent the takeover of Orange by Hutchison.

January 2, 2013

New Hope for Nabucco

The gas pipeline project is said to get a new major shareholder. In case of the entry of the Shah Deniz II consortium, Nabucco´s utilization would be secured.

December 22, 2012

Hutchison Takes Over Orange

The Austrian subsidiary of the Hong Kong-based telecommunication group Hutchison Whampoa is now officially entitled to acquire its competitor Orange.

December 22, 2012

Hypo Group: Supervisory Board Wants Bad Bank

Johannes Ditz, chairman of Hypo Group´s supervisory board thinks that the bank will need even more time to scale-down its risky assets.

December 22, 2012

Romanian Post to be Privatized

In total, 51% of the company will be sold. The Romanian state will keep a 24% stake in Post.

December 18, 2012

Uniqa Sells Hotel Investments

The Uniqa Group is selling its hotel investments from the Austria Hotels International Group to an investor group headed by Oliver W. Braun (also including Günter Kerbler, Johann Kowar and others).

December 18, 2012

Austrian Competition Authority May Prevent Orange-Takeover

This week, the EU-Commission has approved the acquisition of the third-biggest telecommunication company by Hutchison Austria. Austria´s BWB (Federal Competition Authority) is seen as risk factor.

December 15, 2012

Austria: BWB Approves New Shareholder at Bawag

The U.S. investment fund Golden Tree Asset Management becomes the second core shareholder of the Austrian bank.

December 14, 2012

Orange Takeover Finally Approved

After more than ten months, the EU Commission approved the takeover of the third-largest Austrian telecommunication operator by the competitor Hutchison Austria.

December 12, 2012

Zavarovalnica Maribor Remains Slovenian

The Slovenian insurance company was taken over by the Sava Re. NKBM has to increase its equity quota.

December 11, 2012

Bank Austria: Major Losses in Kazakhstan

In 2007, Bank Austria took over the Kazakh ATF Bank. In total, the banking group is threatened to record losses of up to € 1.8bn. Now, Bank Austria is said to leave Kazakhstan.

December 11, 2012

Orange-Takeover: Commission to Announce Decision Next Week

EU Commissioner Joaquin Almunia said that the final decision will be published next week. The deal is likely to be approved.

December 8, 2012

RBI Sells Stake in RHI

The Austrian Raiffeisen Bank International sells the 7.3% interest in the Austrian refractory company.

December 7, 2012

Voestalpine Acquires Canadian Sturdell Industries

The Vienna-listed voestalpine Group continues to further expand its market position in North America by undertaking an acquisition in its special steel segment.

December 7, 2012

Hypo Group: Deadline Expires

Today, the first deadline for the sale of Hypo Group´s subsidiaries in Southeast-Europe expires.

December 7, 2012

Legal Merger of Raiffeisen Bank Polska and Polbank EFG Approved

Approval is starting point for unification of market approach and operational merger process. Cost synergies to be achieved by optimization of the branch network and the staff number, among other measures.

December 5, 2012

Verbund Focuses on Hydro Power

After the deal with German E.ON, the biggest Austrian energy company has a new core market and a new core product.

December 4, 2012

Verbund Sells Enerjisa to E.ON

Verbund, Austria’s leading utility, and E.ON, one of the world’s largest energy providers, have reached an agreement on an asset swap.

December 3, 2012

RHI: USA and India as Growth Markets

CEO Franz Struzl considers expanding into India, Russia and the U.S. Investments will reach about € 50m.

December 1, 2012

Slovenia: Austrian Grawe Will not Take Over ZM

The second-biggest Slovenian bank NKBM (Nova Kreditna Banka Maribor) sells its interest in the insurance group Zavarovalnica Maribor (ZM). Sava Re negotiates with NKBM already.

November 30, 2012

Hypo Group Sold AluFlexPack to MTC

After months of negotiations, the Austrian nationalized bank sold the Croatian aluminum company to the Switzerland-based Montana Tech Components.

November 30, 2012

OMV Sells Its Marketing Subsidiary in Bosnia-Herzegovina

With this move, OMV Refining & Marketing has completed the next step in implementing the defined divestment program that contributes to reduce the weighting of the Refining and Marketing division in the overall OMV portfolio.

November 30, 2012

Orange-Takeover: One Step Closer to the Goal

Telekom Austria is allowed to take over the discount operator Yesss!. Now, only the Commission has to approve the whole deal.

November 27, 2012

Porr: Renaissance Group to Enlarge its Interest

The Turkish Renaissance Group owns a 10% interest in Porr and wants to reach a blocking minority at the Austrian construction company.

November 23, 2012

Verbund Leaves Turkey

The Austrian energy group sells its interest in Enerjisa to German E.ON. Verbund will re-focus on hydro power.

November 23, 2012

Porr: Shareholder Structure to Change

The Austrian construction company plans to increase its free float. CEO Karl-Heinz Strauss has made his compulsory offer.

November 22, 2012

Zavarovalnica Maribor Sale: Slovenia Under Pressure

The Slovenian bank NKBM has to sell its stake in the second-biggest Slovenian insurance company Zavarovalnica Maribor (ZM). The sale proves difficult.

November 21, 2012

Hutchison Austria: Takeover Approved

The EU Commission allows the Hong Kong-based telecommunication group to take over its Austrian competitor “Orange”. The Austrian Federal Competition Authority is not convinced yet.

November 21, 2012

Borealis to Acquire Dutch DEXPlastomers

The Austrian chemical group expands into the Netherlands.

November 12, 2012

Romanian Postmaster Fully Owned by Austrian Post

Austrian Post has acquired the remaining 74% shareholding in the Romanian company Postmaster s.r.l. which is the leading alternative postal services provider in Romania.

November 8, 2012