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Russian Court Decision Complicates Raiffeisen Bank International Planned Sale of Subsidiary Bank
The planned exit of Raiffeisen Bank International AG (RBI) from Russia has suffered a significant setback. A Russian court has issued a temporary injunction blocking the sale of the Russian subsidiary AO Raiffeisenbank. This decision could significantly delay the Austrian bank's efforts to reduce its presence in Russia.
September 5, 2024
Raiffeisen Bank International Withdraws from Controversial STRABAG Transaction
Raiffeisen Bank International AG (RBI) has announced that it will no longer pursue the planned acquisition of shares in STRABAG SE. This decision was made public in an ad hoc announcement in which the bank stated that it had not received the necessary comfort in discussions with the relevant authorities to proceed with the transaction. RBI therefore decided to refrain from the transaction for reasons of prudence.
May 15, 2024
RBI in a Balancing Act Between Sanction Risks and Solid Management
Raiffeisen Bank International (RBI) is currently caught between geopolitical tensions and its own business progress. Recent developments have led the bank to take cautious steps to avoid sanction risks on the one hand and to present its robust quarterly results on the other, which show that the bank remains strong even without the income from Russia and Belarus.
May 2, 2024
Signa Prime and Development: Future Secured Despite Insolvency
The future of the two important branches of the Signa Group, Signa Prime and Signa Development, seems secure for the time being.
January 15, 2024
Russian Oligarch Oleg Deripaska Sells STRABAG Shares to Russian Corporation
The Russian oligarch and major shareholder of STRABAG, Oleg Deripaska, has initiated a sale of his considerable stake in the Austrian construction group to a Russian joint stock company.
December 19, 2023
Construction Stop of "High Speed 2" in Northern England: Austrian Companies Affected
The surprising halt to the construction of part of the major British project, the "High Speed 2" (HS2) high-speed rail line, is causing discussion among the companies involved. Austrian companies in particular, which are involved in the rail project worth billions, could be affected.
October 5, 2023
German Chamber of Commerce in Austria Organized New Year's Reception 2023 in Graz
After two years of interruption, the traditional joint New Year's reception of the German Chamber of Commerce in Austria (DHK) could finally be held again. The cultivated atmosphere of the auditorium of the Old University of Graz provided the setting for the event, which was attended by around 200 representatives of the Styrian business community.
January 18, 2023
Austria Confirms Poland's Role in Aid to Ukraine
Austria's Foreign Minister Alexander Schallenberg visited the Polish capital Warsaw for a working visit. There, Foreign Minister Schallenberg explained that Poland is the hub for Ukraine's assistance.
June 7, 2022
Construction Giant Strabag Removes Russian Voice on Supervisory Board
At the recently held Extraordinary General Meeting of STRABAG SE, Thomas Bull, a member delegated by the major shareholder Rasperia, was dismissed. His company is owned by the Russian oligarch Oleg Deripaska, who must therefore completely relinquish his control over Strabag.
May 5, 2022
Russian Operations of Strabag: Haselsteiner Cancels Syndicate Agreement with Holding Company of Oligarch Oleg Deripaska
Recently, the Haselsteiner Family Private Foundation informed the Strabag Board of Directors that it has terminated a syndicate agreement between the main shareholders. Previously, several attempts to buy up all the shares of the major Russian investor Oleg Deripaska failed.
March 15, 2022
WKO: Vaccination in Austrian Businesses Possible
Austria's companies could be used as part of the vaccination strategy. This is what many major companies and Austria's Federal Chamber of Commerce suggest. The readily available infrastructure could provide testing and vaccination facilities for up to 500,000 employees in the various industries.
January 12, 2021
Austrian Construction Company Porr Reports Losses in the Second Quarter of 2020
The second largest construction company in Austria, Porr, recorded losses in the first half of the year 2020. The obvious reason: Covid-19 and the subsequent shutdowns and restrictions.
August 27, 2020
Austrian Strabag Expands Rail Network in Eastern Germany
Austrian technology company Strabag will be significantly influencing the rail road system in eastern Germany because of a deal that has them extending rail lines in Berlin and between Leipzig and Dresden.
August 25, 2020
Ibizagate: New Book Proves Allegations Against Former Freedom Party Leader Strache
A secretly recorded video led to the fall of Austrian Vice Chancellor Heinz Christian Strache and Deputy Leader of the Freedom Party Johann Gudenus in May. Now the journalists of the Süddeutsche Zeitung who took part in the unveiling describe what else could be seen on the Ibiza video and how Strache was tempted to behave corruptly.
August 22, 2019
Business Mission and "Future Trip" to Tel Aviv as Part of the State Visit of Van der Bellen
On the occasion of the official state visit of Federal President Alexander Van der Bellen, the Austrian Chamber of Commerce and Industry (WKO) is organising an economic mission entitled "Infrastructure" as well as the "Open Innovation for Corporates" future trip to Tel Aviv.
February 4, 2019
Strabag awarded tunnelling contract for Sirius Minerals’North Yorkshire Polyhalite Project
Sirius Minerals Plc. has hired the European construction group Strabag SE to build an approx. 13 km tunnel section for the underground transport system of the Woodsmith Mine near Whitby, England. The design-and-build contract was signed on 28 March.
March 29, 2018
Strabag building LEED-certified office tower in central Bucharest
The European-based construction group Strabag SE, through its Romanian subsidiary, has been awarded the contract to build a 110 m tall office tower in central Bucharest. The contract has a value of about EUR 39 million. Completion is scheduled for October 2019.
March 20, 2018
Strabag building section of M85 expressway in Hungary for€ 167 million
The European construction group STRABAG SE has started work on the 20.5 km long section of the M85 expressway between Csorna and Sopron in Hungary. The contract has a value of HUF 51.9 billion, which corresponds to about EUR 167 million. The section is scheduled for completion after a period of 36 months.
March 13, 2018
Strabag counting on continued positive development in 2018 thanks to record order backlog
Strabag today announced its first figures for the 2017 financial year and issued an outlook for 2018. "We closed the year with a record output volume and are going into the new one with a record order backlog. The signs are pointing to unchanged strong demand in nearly all of our core markets," says CEO Thomas Birtel.
February 15, 2018
Strabag to Build Rail Tunnel in Toronto
Strabag has had an infrastructure contract in Toronto awarded to its Canadian subsidiary. The scope of the work includes the construction of a 180 m long tunnel under Highway 401 to accommodate two tracks operated by Ontario's public transport agency Metrolinx. The full investment volume amounts to about EUR 77 million.
January 17, 2018
Strabag building two more sections of S7 in Poland for around € 200 million
Two subsidiaries of publicly listed construction group Strabag SE have been awarded the contract in Poland to design and build two sections of the S7 expressway north of Warsaw. The two orders have a total value of PLN 828 million, which is equivalent to approx. EUR 198 million.
January 12, 2018
Strabag awarded € 125 million road construction contractin Hungary
The European construction group STRABAG SE has been awarded a road construction contract in Hungary with a volume of approx. EUR 125 million. On behalf of state company NIF Zrt., STRABAG will build the first section of R76 expressway in western Hungary from Zalaegerszeg to the M7 motorway including the Hollád interchange.
December 20, 2017
Strabag expects double-digit million-euro amount in 2017
On the basis of a legally binding settlement agreement concluded today in relation with a former project in the Middle East region, the Management Board of STRABAG SE expects to realise income (before income taxes) of a mid-range double-digit million-euro amount in the 2017 financial year.
December 6, 2017
Strabag SE posts stable operating earnings after nine months 2017 despite positive one-off last year
Publicly listed construction company STRABAG SE reported operating earnings that are nearly unchanged after the first nine months 2017 - despite the fact that a one-off effect in 2016 from the sale of a shareholding related to the acquisition of the minority interest in subsidiary Ed. Züblin AG, which was disclosed at that time, had resulted in an upwards distortion of the earnings figures.
November 30, 2017
Strabag SE / Quarterly report according to art. 87 para. 6 Stock Exchange Act
Strabag SE is declaring the following financial reports below.
November 30, 2017
Strabag to build further Akalla tunnel section for the Stockholm motorway ring
STRABAG Sverige AB, a subsidiary of STRABAG SE, has been awarded an approx. EUR 45 million contract from the Swedish Transport Administration (Trafikverket) to build the Akalla Motorway Tunnel. The tunnel is part of the Stockholm Bypass, a motorway ring around the Swedish capital and currently the largest road construction and tunnelling project in the country.
November 21, 2017
Strabag Secures Orders in Poland for 170 Million Euros
Austria's largest construction group has received orders worth 170 million euros in Poland. The General Directorate for National Roads and Motorways (GDDKiA) awarded three road contracts to the Polish subsidiaries of Strabag, said the listed company in a release.
October 31, 2017
Strabag wins road construction contracts in Poland for a total of € 170 million
The European-based construction group Strabag, through its Polish subsidiaries, has been awarded three road construction contracts from Poland's General Directorate for National Roads and Motorways (GDDKiA). The total contract value is split among two lots along the S19 north of Warsaw for EUR 73 million and EUR 43 million as well as one lot along the S61 in southern Poland for EUR 54 million. "Poland is our third most important market. We celebrated our 30th anniversary there this year. We offer the full range of our services in Poland: from road construction to building construction and civil engineering to project development," explains Thomas Birtel, CEO of Strabag SE.
October 31, 2017
Service agreement of STRABAG group company SPFS with Deutsche Telekom ends latest on 30 June 2019
The facility management services agreement between STRABAG Property and Facility Services GmbH Germany (SPFS) and Deutsche Telekom, which had been concluded in parallel with the acquisition of DeTeImmobilien in 2008, will end latest effective 30 June 2019. After long and intense negotiations, Deutsche Telekom has decided to award these services to another provider.
October 18, 2017
STRABAG PFS prepares to restructure its client portfolio
STRABAG Property and Facility Services (STRABAG PFS) will end the management of real estate, technical facilities, data centres and cellular towers of Deutsche Telekom AG (DTAG) with effect from 30 June 2019 latest. The corresponding service agreement will expire after a period of ten years. STRABAG PFS's offer to continue to manage the DTAG properties efficiently, sustainably and at mutually acceptable conditions until 2028 was not accepted.
October 18, 2017
Strabag SE celebrates 10 years on the stock market
Strabag SE, the European-based technology group for construction services, is celebrating 10 years on the Vienna Stock Exchange. On 19 October 2007, the company had placed 28,200,001 no-par shares in free float at a price of EUR 47 per share. Although the subsequent price development was influenced by the crises on the international markets that followed, the shares of Strabag SE managed to outperform the Viennese benchmark index ATX in a 10-year comparison. Last Friday, the shares closed at EUR 36.26.
October 16, 2017
Strabag constructing Africa’s highest bridge
STRABAG SE, the publicly listed European-based technology group for construction services, has been awarded a bridge project in South Africa. The group's subsidiary STRABAG International GmbH has been hired by the South African National Roads Agency (SANRAL) to build a 1,132 m long bridge over the river Mtentu near the town of Flagstaff in the eastern part of the country.
September 5, 2017
STRABAG SE / Half-year financial reporta ccording to art. 87 para. 1 Stock Exchange Act
STRABAG SE is declaring the following financial reports below.
August 31, 2017
Strabag SE confirms guidance for 2017 after six months
After the first six months of the financial year, publicly listed construction company STRABAG SE is optimistic to be able to reach its goals for the full year 2017. The positive trend for STRABAG that set in at the beginning of the year continues to this day. The order backlog is at a record high, the output volume growth was in the double digits in the first half of the year and the operating earnings have increased.
August 31, 2017
Strabag to build Cracow’s tallest high-rise tower
The European-based construction group STRABAG has been hired to build a five-building business centre in the Polish city of Cracow. Currently an unfinished high-rise building stands at the prominent location in the centre of the city.
August 10, 2017
Strabag to work on billion-euro infrastructure project in the United Kingdom
STRABAG, the publicly listed European-based technology group for construction services, has been awarded the Main Work Civil Contract packages for lots S1 and S2 of the United Kingdom's new HS2 high-speed railway that will initially link London to Birmingham and later to Leeds and Manchester.
August 1, 2017
Strabag to renovate historic building from the year 1886 in Hungary
The construction company STRABAG has been chosen to renovate Budapest's historic Eiffel Hall on behalf of the Hungarian State Opera. The building from the year 1886, which measures 220 m in length and 110 m in width, will be used as an art centre for classical music. The contract value is divided into a fixed portion of HUF 8.6 billion (EUR 28 million) and an option portion of HUF 3.1 billion. (approx. EUR 10 million).
July 20, 2017
UNIQA Insurance Group AG / Shareholders' Agreement among major shareholders of STRABAG SE extended
Haselsteiner Familien-Privatstiftung, Mr. Dr. Hans Peter Haselsteiner and Rasperia Trading Limited as major shareholders of STRABAG SE did not exercise their termination right with respect to the shareholders' agreement concluded among them as per 31 December 2017; consequently, the shareholders' agreement was extended by a term of five years until 31 December 2022.
July 3, 2017
Strabag building musical road in Hungary
The European-based construction group STRABAG has been awarded the contract to build and widen the R 67 expressway in Hungary. The EUR 212 million project is being carried out by a consortium in which STRABAG holds 53.2 %. Of the 33 km of expressway between Kaposfüred and Látrány in southwestern Hungary, STRABAG is in charge of the new construction of a 10.3 km section as well as the renovation and widening of a further 10.1 km.
June 26, 2017
EANS-General Meeting: STRABAG SE / Resolutions of the General Meeting
Voting results in accordance with Sec 128 Para 2 of the Austrian Stock Corporation Act (AktG) for the 13th Annual General Meeting held on 23 June 2017 at 10:30 a.m. at Tech Gate Vienna, Room 0.1, Donau-City-Str. 1, 1220 Vienna.
June 23, 2017
Strabag SE closes first quarter 2017 with new record order backlog
Publicly listed construction company STRABAG SE closed the first quarter of 2017 with a new record order backlog and a reduced operating winter loss, which is typical in the construction industry. The earnings before interest, taxes, depreciation and amortisation (EBITDA) improved by 12 %, the earnings before interest and taxes (EBIT) by 2 %.
May 31, 2017
STRABAG SE / Quarterly report according to art. 87 para. 6 Stock Exchange Act
STRABAG SE is declaring the following financial reports below.
May 31, 2017
EANS-General Meeting: STRABAG SE / Invitation to the General Meeting according to art. 107 para. 3 Companies Act
STRABAG SE Villach, FN 88983 h, ISIN AT000000STR1, Notice of Annual General Meeting. We hereby invite our shareholders to the 13th Annual General Meeting of STRABAG SE on Friday, 23 June 2017, at 10:30 a.m., at Tech Gate Vienna, Room 0.1, Donau-City-Str. 1, 1220 Vienna.
May 24, 2017
STRABAG SE / Yearly Report
STRABAG SE is declaring the following financial reports below.
April 27, 2017
Strabag SE posts a record year 2016 (with document)
The publicly listed construction group STRABAG SE posted a record year 2016: The target of an EBIT margin of at least 3 % was surpassed, the order backlog was at a record-high of EUR 14.8 billion at the end of the year. Therefore, the Management Board will propose to the Annual General Meeting in June 2017 a dividend of EUR 0.95 per share - the highest dividend since the IPO in 2007.
April 27, 2017
Strabag modernises Polish railway
The construction group STRABAG, acting as consortium leader, will modernise the 20 km long section of rail between Cracow and Rudzice and expand the suburban railway in Cracow. The PLN 958 million rail construction project, the largest of its kind in Poland, is scheduled for completion in April 2021.
April 19, 2017
Strabag subsidiary Züblin to build Congreshotel & Residential Tower Overhoeks in Amsterdam
Amsterdam is getting an addition to its skyline. In the future, two new high-rise towers will grace the northern waterfront of the river IJ in the Overhoeks neighbourhood of the Dutch capital. The Congreshotel & Residential Tower Overhoeks project comprises a 110 m hotel tower with 579 rooms as well as a 101 m residential tower with more than 230 apartments.
April 11, 2017
Strabag building turnkey luxury apartments in Moscow
The European construction group STRABAG has been hired by AO Don-Stroy Invest - one of Moscow's leading real estate developers for luxury apartments - to build the project "Living on Plushikha". Until completion in mid-2019, STRABAG will build 202 turnkey residential units distributed over eight individual buildings.
March 30, 2017
Strabag building art storage facility in Budapest for over 350,000 works of art
The European construction group STRABAG has been awarded the contract to build an art storage facility as part of the Liget Budapest Project. The complex of five buildings forms part of the National Museum Restoration and Storage Centre (OMRRK). The contract has a value of approximately EUR 39 million.
March 27, 2017
Strabag assumes construction of GKI power plant along the river Inn(with document)
Strabag AG, working in a consortium with two other Austrian construction companies - Jäger Bau GmbH and G. Hinteregger & Söhne Baugesellschaft m.b.H -, assumed the tunnel driving works for the Maria Stein pressure flow tunnel of the Gemeinschaftskraftwerk Inn (GKI) power plant.
February 28, 2017
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