Sponsored
Page 6/14

M & A

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

Slim to Enter Telekom Austria?

The Mexican investor Carlos Slim, who is currently the world´s richest man, is said to acquire stakes in Telekom Austria.

May 18, 2012

Telekom Austria: Crucial Shareholder Meeting Comes Closer

On May 23, Telekom Austria holds its next annual general meeting. The new shareholder Ronny Pecik will enter the supervisory board. Conflicts are built in.

May 12, 2012

Cerberus May Sell Bawag

Five years ago, the U.S. investment fund Cerberus acquired the financially stricken Austrian Bawag bank. Next week, the retention period expires.

May 12, 2012

Orange Takeover: T-Mobile Claims Legal Restraints

According to the Austrian subsidiary of Deutsche Telekom, the takeover of the third-largest Austrian telecommunication service provider would lead to a distortion of competitions.

May 8, 2012

RHI to Acquire Orient Refractories?

The Austrian refractory manufacturer is said to take over the Delhi bases Orient Refractories. The target company denies the rumor.

May 7, 2012

ÖIAG Seeks For Partner Against Pecik

The Austrian Industrial Holding ÖIAG, which is still the largest shareholder of Telekom Austria, wants to gain a strategic investor.

May 5, 2012

Hypo Group Prepares for Sale

The nationalized Austrian Hypo Group Alpe Adria sells its subsidiaries step by step. Before, the units should be spiced up.

May 4, 2012

Telekom Austria Interested in Kosovo´s PTK

The Austrian telecommunication service provider still shows interest in taking over the Kosovo-based telecommunication company PTK. Last year, the sale was stopped.

May 4, 2012

Austrian Post Continues Expansion in CEE Region

With the purchase of “Kolportaz Rzetelny” and a stake in “M&BM; Express”, Austrian Post expands its Network in Poland and Bulgaria.

May 3, 2012

Bajaj Holds 47.2% in KTM

At the end of April, the Indian motor vehicle producer enlarged its stake in the Austrian company from 41% to 47.2%.

May 2, 2012

Pfeiffer Group Gets In Zielpunkt

The Austrian wholesale trader acquires a 24.9% stake in the retail chain Zielpunkt. The cartel authorities still must approve the deal.

May 1, 2012

Cross Industries Still in the Red

Due to interest expenses, the Austrian industrial holding company recorded losses of € 4.5m after € 4.8m in 2010.

April 30, 2012

Raiffeisen Bank International Closes Acquisition of Polbank

The Provisional purchase price is € 460m in cash for a 70 per cent stake in the Polish private bank. RBI becomes number 6 in the Polish banking market.

April 30, 2012

RZB´s Rothensteiner: „Not Interested in VBAG“

Walter Rothensteiner, CEO of Raiffeisen Zentralbank (RZB), does not see a suitable takeover target in the partly nationalized VBAG.

April 28, 2012

Conwert: Haselsteiner Holds 24%

The Austrian industrialist intends to raise his stake in the real estate company further.

April 27, 2012

Frauenthal Sells Division to Japanese Ibiden

The Austrian Frauenthal Group reached an agreement with Japanese Ibiden Group on the sale of its Industrial Honeycombs division.

April 26, 2012

AMAG Starts Investment Program

The Austrian aluminum company invests € 220m in the enlargement of the main site in Ranshofen, Upper Austria. RLB Upper Austria now holds a 16.5% stake.

April 26, 2012

Sorgenia Will not be Sold

The Italian energy group will not be sold. The major owner CIR declines market rumors.

April 26, 2012

AMAG Sale Completed

The last tranche in the Austrian aluminum producer AMAG was sold by CP Group/One Equity Partners to the Austrian B&C Industrieholding AG.

April 25, 2012

Former Bawag CEO Criticizes Cerberus Sharply

Helmut Elsner, former CEO of Bawag, accuses the new owner Cerberus to abuse the bank as “garbage dump” for toxic assets.

April 18, 2012

RBI: Takeover of Polbank Approved

The Polish Competition Authority allowed Austrian RBI (Raiffeisen Bank International) to purchase Polbank. Conversely, RBI has to list as Warsaw Stock Exchange.

April 18, 2012

OMV´s Petrol Stations: Potential Buyers in Sight

The Austrian oil and gas company OMV plans to sell its petrol stations in Croatia and Bosnia. Local investors show interest.

April 17, 2012