The latest Austrian equities markets news and analysis from FriedlNews
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Austrian Stock Market Headlines

CA Immo Well Prepared for Merger with Immofinanz

Listed property group CA Immo sees itself well prepared for the planned merger with bigger real estate firm Immofinanz and will sit down to outline the detail of the process in early September, CA Immo CEO Frank Nickel said.

August 26, 2016

Conwert EBIT Up 137.4 Percent Y/Y

Listed property developer Conwert reports that in H1 2016 it generated EBIT of EUR 146 million (up 137.4 percent y/y) and a revenue of EUR 264.3 million (up 26 percent). The company managed to boost its performance thanks to optimising the property portfolio, the structure and costs.

August 24, 2016

C.A.T. Vs. CAT (Caterpillar)

Listed Austrian oilfield equipment maker C.A.T. oil AG was renamed officially to Petro Welt Technologies AG. The cause for this step was an ongoing dispute with U.S. construction machine maker Caterpillar Inc (CAT) due to the name rights.

August 24, 2016

America Movil Reduced Stake in Telekom Austria

America Movil has reduced its stake in Telekom Austria from 59.7 percent to 51.89 percent. The Mexicans have thus complied with provisions of the syndicate agreement with ÖBIB, in line with which America Movil had to raise the free-float share stake.

July 29, 2016

Erste Group Hungary Aims to Become Top Corporate Finance Advisor

The Hungarian arm of Erste Group Bank wants to become one of the top three banks in terms of corporate finance by 2020 in Hungary, it follows from a statement by head of corporate banking of Erste Bank Hungary (EBH), Richard Szabados.

July 25, 2016

Erste Group Expects Q2 Net Profit of about EUR 560 Million

Erste Group expects to post net profit of approx. EUR 560 million in Q2 16, raises guidance for 2016 to ROTE >12% (up from 10-11%).

July 14, 2016

Bank Tax: Reduction and One-Off Payment are Positive Signals

Austria's new regulations reducing the bank tax and introducing a one-off payment from banks are "a positive signal,” central bank governor Ewald Nowotny said after the Austrian government reached an agreement on the planned changes.

July 13, 2016

Vienna Insurance Group Buys AXA Subsidiaries in Serbia

Vienna Insurance Group (VIG) is acquiring AXA’s life and non-life companies in Serbia. The purchase will increase VIG’s market share in Serbia to around 11.5 percent.

July 7, 2016

Austrian Post's Turkish Subsidiary in Conflict with Majority Owner

Post AG is involved in a buyback conflict regarding the Turkish subsidiary. Post took over a 25-percent stake in Turkish parcel delivery service Aras Kargo in 2013; it had been granted an option to buy another 50 percent of the shares. The company has been negotiating to use the option for a year now, but has been unable to reach a compromise.

July 5, 2016

RBI Closes Sale of Raiffeisen Banka in Slovenia

Following the completion of all regulatory requirements, Raiffeisen Bank International AG (RBI) formally closed the sale of its Slovenian bank, Raiffeisen Banka d.d. The sales price will be kept confidential.

July 1, 2016