The latest industry and company news and analysis from FriedlNews
Page 1/16

Other Austrian Industries Headlines

Dunkin’ Donuts Struggling in Austria

US bakery and coffee shop chain Dunkin’ Donuts wants to continue operation in Austria. The creditors of the insolvent firm agreed to a reorganization plan.

August 24, 2016

Salzburger Festspiele Generates EUR 215 Million Added Value per Year

The president of the Salzburg Festival (Salzburger Festspiele), Helga Rabl-Stadler, presented a new study proving the financial significance of the event. According to the study the festival generates added value of EUR 215 million per year in the whole country.

August 22, 2016

Austrian Hospitality Group Launches Joint-Venture with Iran

Austrian hospitality group DoN will provide catering for Iran's rail customers under a joint venture DoNA launched with a private Iranian entrepreneur Mohammad Khalaffi, Don's spokesman told APA.

August 22, 2016

Electromobility Offers Austria Huge Potential

Electromobility offers Austria a huge potential, a study commissioned by Klima und Energiefonds (KliEn) indicates. According to the study, by 2030 Austria’s automotive industry could gain EUR 3.1 billion in added value and 33,900 new jobs, thanks to the expansion of emobility.

August 22, 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

Austrian Microelectronics Company AMS Buys British CCMOSS

Styrian microelectronics company AMS has acquired British firm Cambridge CMOS Sensors (CCMOSS). The agreement for the acquisition of all shares of CCMOSS for cash has already been signed, the Austrian company, listed on the Swiss stock exchange, announced on Thursday. The price has not been disclosed.

June 16, 2016

Melecs EWS Electronics Set to Expand in China

Austrian electronics firm Melecs EWS is set to expand in China where it recently opened a new production plant in Wuxi, Jiangsu Province, the company said. By the end of FY 2017/18, Melecs EWS expects revenues from Chinese operations of EUR 70 million (USD 78.7 million) a year. The plant employs 200 staff.

June 15, 2016

Novomatic Takeover of Australian Rival Delayed

The planned investment of the Lower-Austrian gambling group Novomatic in the Australian rival Ainsworth Game Technology has been delayed. Ainsworth will postpone general assembly scheduled for June 3 by up to 30 days. It is at the meeting that shareholders are supposed to approve the deal.

May 25, 2016

Franz Wolfahrt Stands in Civil-Law Trial Concerning Disputed Payments

In the civil-law trial concerning disputed payments to lobbyists Walter Meischberger and Peter Hochegger, former CEO of gambling company Novomatic, Franz Wolfahrt, once again confirmed that such payments were made in connection with the targeted loosening of gambling law in 2006, although he stressed that adequate services were provided in return.

May 24, 2016

Bet-at-Home Approves EUR 4.50 Share Dividend for 2015

The shareholder meeting of sport bets operator bet-at-home has approved the EUR 4.50 (USD 5.07)/share dividend for 2015 and a capital hike using the company’s own assets. The number of listed shares will double. The management board announced a special dividend of EUR 10-15 per share for 2016.

May 19, 2016