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Strong Merger Growth in Austria
The number of mergers has increased in 2010 by 12%. The Federal Competition Commission reported 238 cases.
January 12, 2011
Telekom Austria: New Acquisitions in Croatia?
The signs of Telekom Austria’s efforts to expand in Croatia are getting more evident. The group is being discrete however.
January 12, 2011
Polbank: Imminent Decision
The decision for the sales process of Polbank will be announced in the next few days, according to the parent company EFG Eurobank.
January 10, 2011
Energie Steiermark Acquires Majority Stake of Gas Supplier in Belgrade
67% of Serbian Beogas are being taken over by the Styrian energy company.The concession covers a service area in the Serbian capital, with over 400,000 customers.
January 10, 2011
OMV: Moody´s Warns Against Downgrade
The Austrian energy group has to refinance its acquisitions in Turkey and Tunisia. The American rating agency puts pressure on OMV.
January 10, 2011
OMV: Market Predicts Capital Increase
Due to acquisitions and the rating situation, analysts expect a capital increase of Austria's energy group.
January 7, 2011
OMV Expands in Tunisia
OMV acquires Tunisian Exploration and Production (E&P) subsidiaries of Pioneer Natural Resources for $ 800m plus working capital.
January 6, 2011
Immofinanz Acquires 49% in EHL
The Austrian real estate companies Immofinanz and EHL Immobilien GmbH agree to long-term cooperation.
January 4, 2011
A-Tec: Significant Increase of Quota is Probable
According to what is being heard about the negotiations of the creditors, it is clear that the quota should be increased. The vote on the restructuring plan takes place on Wednesday.
December 28, 2010
Merger Between Bwin and PartyGaming Finished
The common company, bwin.party digital entertainment, will be the world’s largest publicly listed online gaming provider.
December 24, 2010
Telekom Srbija: Minimum Price € 1.4bn
The Serbian Ministry of Economy announced today the minimum price for the majority stake in Telekom Srjbija. Telekom Austria is an interested party.
December 23, 2010
Raiffeisen Negotiates over Polbank
The Austrian Raiffeisen Bank International (RBI) negotiates actively for the Polish Polbank.
December 23, 2010
OMV Closes Acquisition of 54.14% in Petrol Ofisi
OMV, an Austrian energy group, completed the acquisition of a 54.14% stake in Petrol Ofisi A.S.
December 22, 2010
Verbund Starts Restructuring in France
The Austrian energy company takes full control of the Poweo production subsidiary Poweo Production S.A.S.
December 22, 2010
New Project in Poland for Atrium
Atrium strengthens polish portfolio with € 168.5m acquisition of a shopping centre in Warsaw.
December 20, 2010
Ottakringer expands range of products
The Austrian beverage company performed four significant acquisitions, causing Ottakringer to be also represented in the CEE region.
December 16, 2010
Sattler AG Expands to the U.S.
The Austrian specialty textiles manufacturer based in Graz, acquires the American brand Outdura in North Carolina.
December 6, 2010
Vienna Insurance Group Expands in Albania
The Acquisition of Interalbanian by the biggest Austrian Insurance company is successfully completed.
December 6, 2010
Hypo Group: Motives for Purchase of BayernLB Unexplained
In 2007, when the Carinthian Hypo Group Alpe Adria was sold to the BayernLB, there were many critical technical opinions. The Bavarians bought despite them.
December 5, 2010
Vienna Insurance Group Takes a 100% Stake in TBIH
VIG now realizes an increased involvement in Turkey, Ukraine and Georgia.
November 26, 2010
Polbank: Intesa Bids, Raiffeisen Still in the Race
In the battle for the takeover of the Polish private bank Polbank, the Italian Intesa has already placed a bid. No comments are being made by Raiffeisen.
November 25, 2010
Volksbanken Group Announces Q3 Results
Österreichische Volksbanken-AG Group (VBAG) returns on a positive growth path. The turnaround has been successfully completed.
November 22, 2010
AE&E: Survival Less Likely Every Moment That Goes By
While the participants at the negotiating table constantly change, bankruptcy is imminent. An A-Tec without AE&E is now being worked on.
November 22, 2010
OMV Plans to Expand Further in Turkey
The Austrian oil and gas group is still assessing the best form of financing Petrol Ofisi. Further projects in Turkey are being evaluated.
November 22, 2010
AE&E: Negotiations Under High Pressure
The negotiators must reach an agreement still today in order to avoid the insolvency of the industrial plant manufacturer AE&E.
November 18, 2010
Magna: Fight for Pininfarina Car Designer
Magna is interested in buying the renowned car body manufacturer and designer Pininfarina, but Indians and Chinese also have purchase intentions.
November 18, 2010
A-Tec: New Hopes with Ronny Pecik?
Pecik, a former associate of Kovats might get again into A-Tec. Several years ago, the investors separated because of differences.
November 17, 2010
Strabag: Takeover of h s energieanlagen Austria
STRABAG SE increases its stake in h s energieanlagen Austria from 43 percent to 100 percent in order to enlarge fluidised bed technology for energy production.
November 17, 2010
AE & E: No Agreement on Sale Talks
No agreement could be reached with the interested party from Hong Kong. The search for a buyer is under intense pressure of time.
November 16, 2010
Merger Between Volksbanken and Investkredit
The merger between the Österreichischen Volksbanken AG (ÖVAG) and Investkredit, the subsidiary acquired in 2005, shall be in effect by July.
November 16, 2010
Ottakringer Expands
After restructuring, the Vienna beer and mineral water producer plans to grow through acquisitions.
November 12, 2010
Strabag Intensifies Russian Business
Deripaska´s Rasperia repurchases 17 percent of STRABAG. In addition, Strabag acquires a 26 % stake in Russian construction company and signs a € 350 million contract.
November 8, 2010
Kapsch TrafficCom Acquires Mark IV IVHS
Mark IV IVHS is the largest supplier of electronic toll collection (ETC) equipment in North America. Kapsch pays USD 70 million.
November 6, 2010
Strabag: Time is Running Out for Deripaska
The re-entry of Deripaska into the largest Austrian construction group is to be fixed still this weekend. His comeback has been expected for several weeks.
November 5, 2010
Raiffeisen Participates in Bid for Polbank
Raiffeisen International Bank (RBI) tries to get into the act concerning the sale of Polbank. The eighth largest bank in Poland is currently owned by EFG Euro Bank, which is offering its Polish interest for sale.
November 3, 2010
Andritz Acquires RITZ Pumpenfabrik, Germany
International technology Group ANDRITZ has signed a contract to acquire the German company RITZ
November 2, 2010
A-Tec: Banks Working on Counter-Proposal
After the fruitless negotiations, the banks plan to draw up a counterproposal. In addition, a British investor is showing interest in joining.
October 30, 2010
Volksbank: Greater Efficiency by Downsizing
The Austrian Volksbank AG (ÖVAG) has not been able to reach a cooperation with other domestic banks. The deal with the BAWAG failed. Now, the Volksbank is looking for alternatives.
October 30, 2010
RHI: New Boss Wants to Double Profits by 2015
RHI pursues ambitious growth plans. Higher sales and profits are to be generated mainly through expansion in emerging markets.
October 29, 2010
Wienerberger Plans Full Takeover of Semmelrock International
The purchase of the remaining 25% stake in Semmelrock International has been announced today. Wienerberger regards the acquisition as a “logical step”.
October 29, 2010
OMV: Republic of Austria Will Hold On to Its Stake
An informal consultation is said to have been held between the governing parties to keep the government stake in OMV, should there be a capital increase.
October 27, 2010
Financing of OMV-Deal in Turkey Still Open
OMV leaves the financial markets still in the dark as to how it will cope with the acquisition.
October 25, 2010
Deripaska Again at Strabag
After Deripaska’s decision, and successful talks with Strabag boss Haselsteiner, the Russian oligarch is a partner in the construction group again.
October 25, 2010
OMV: Complete Takeover of Petrol Ofisi Fixed
The deal is finished. Turkey will be the third main market for the OMV group.
October 22, 2010
Telekom Austria: Good Results Expected for 2010
The CEO of Telekom Austria, Hannes Ametsreiter sees the current financial year as "stable and good".
October 22, 2010
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
Vienna Insurance Group in Albania
Further growth achieved with the acquisition of Interalbanian.
October 21, 2010
OMV Plans Complete Takeover of Petrol Ofisi
OMV and Doğan Holding are in detailed negotiations regarding an acquisition of Dogan Holding’s stake in Petrol Ofisi by OMV
October 20, 2010
The Next Acquisition: STRABAG Buys Gaul-Group
The German Gaul-group, a regional market leader for construction materials, has been bought by STRABAG for strategic reasons.
October 20, 2010
bwin Notifies Merger with PartyGaming to Competition Authority
Transfer to the London Stock Exchange is bad news for the Viennese financial center. The merger will create the world's biggest betting provider.
October 20, 2010
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