Monday
Austrian builder Strabag said on Monday it had received a USD 43.2m
order for road rehabilitation in Moldova. The project will run for 24
months.
*
Austrian Airlines (AUA) will transfer further flights to
its parent Lufthansa, sister firm Swiss as well as to Augsburg Airways
and Welcome Air. The move became necessary after 120 pilots left the
company after the implemented change of the pay conditions.
*
Austrian
insurer Uniqa announced that it is before the divestment of its hotel
portfolio. Via the decision Uniqa plans to focus on its core business.
Tuesday
Vienna Airport announced on Tuesday it serviced 1.99m passengers in
May 2012, up 4.2% on year. Since the start of the year, the airport,
which recently opened its Check-in 3 terminal, has handled 8.36m passengers,
an increase of 8.1%.
*
Austrian Airlines (AUA) said it carried 4.375m passengers in January to May 2012, a rise of 7.9% in
annual terms. Occupancy rate improved 3.3% percentage points to 73%. The
number of passengers in May inched up 1% to 1.036m.
Wednesday
Real estate developer Immofinanz plans to issue a bond worth up to EUR
75m. The bond is expected to bear a coupon of 5.25% and have a maturity
of five years.
*
Bank Austria has decided to divest of its heritage-protected
headquarters on the Schottenring in Vienna's
downtown. The deal is expected to take place by the end of the year. The
bank, however, will continue to use the building until 2016/17.
*
Vienna
Airport said that it had opened insolvency proceedings against
Artifacts, Saveria and Striberny, companies owned by Rakesh Sardana,
which run stores at the airport. Vienna Airport spoke for "significant payment arrears" on behalf of the firms.
*
Real estate developer Conwert has successfully issued a bond worth EUR 65m. The five-year bond bears a coupon of 5.75%.
*
Following
a new syndicate contract between Knünz GmbH and Pierer GmbH, their
joint vehicle Cross Motorsport Systems has to file a compulsory takeover
bid for Pankl Racing Systems. The offer is expected to stand at EUR
18.03 apiece.
Thursday
Cross Industries has to file a mandatory takeover offer for
motorcycle producer KTM after the signing of a new syndicated contract between Stefan
Pierer and
Rudolf Knünz, the owners of Cross. The offer price is seen at EUR 44 per
share.
*
Austrian annual inflation rate decreased to
2.1% in May from 2.3% in April and thus reached its lowest level since
November 2010. The euro-zone consumer price index was assessed at 2.3%.
*
Volksbank
International (VBI), bought by Russian Sberbank in mid-February, had
ended 2011 with a loss of EUR 160.4m, compared to EUR 15.1m in profit
for 2010. The bank, a former subsidiary of OeVAG, was burdened by
write-downs for EUR 158.6m.
*
Real estate developer
Immofinanz has fixed the volume of its planned corporate bond at EUR
100m, with an interest rate of 5.25%.
Friday
Mexico's billionaire Carlos Slim has secured a minority stake in Telekom
Austria, the company announced on Friday. Presently Slim, via his
America Movil, controls 6.75% in the telecommunications provider, while
he has 3.14% via Immobiliaria Carso. The businessman has however agreed
with Austrian investor Ronny Pecik to take the latter's stake in TA and
thus to boost his shareholding to 25.9%. State holding ÖIAG, which owns
28.4% in the firm, has welcomed the entry of Slim.
