The latest construction industry and company news and analysis from FriedlNews
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Austrian Construction Industry Headlines

Unsuccessful Kommunalkredit Bidders File Complaint Against Tender

Unsuccessful bidders for the sale of state-owned Kommunalkredit Austria bank have filed a complaint with the commercial court in Vienna, after German investment banker Patrick Bettscheider won the tender.

July 23, 2015

Porr Lands EUR 180 Million Order in Switzerland

The listed construction group Porr has secured an order for construction works in Switzerland worth EUR 180 million (USD 199 million). Porr Suisse will build an underground bicycle station for almost 1,800 bicycles, a staircase and two office buildings at the main railway station in Zurich.

July 2, 2015

Raiffeisen Holding NÖ-Wien Holds 93 Percent in German Strabag AG

Raiffeisen Holding NÖ-Wien holds 93.63 percent of shares in the German Strabag AG, Cologne. The voting rights are held through "Gulbis" Beteiligungs AG and by its subsidiaries BLR-Baubeteiligungs GmbH, Strabag SE and Ilbau Liegenschaftsverwaltung GmbH, according to an announcement of Strabag AG.

June 24, 2015

Vienna Airport Supervisory Board Extends Management Contracts Until 2021

Listed Vienna airport operator reappoints Julian Jäger and Günther Ofner to the Management Board of Flughafen Wien AG.

June 23, 2015

S&P Upgrades Strabag's Rating from BBB- to BBB

Rating agency Standard & Poor’s (S&P) has raised the credit rating of publicly listed construction group Strabag SE by one level from BBB- to BBB. The outlook remains at “stable”.

June 23, 2015

Baumax DIY Retailer Czech, Slovak Stores to be Sold to Obi

Troubled DIY retailer Baumax will sell its 38 Czech and Slovak stores to German competitor Obi, an insider told APA on Monday.

June 22, 2015

French Adeo Group Takes Over some Austrian BauMax Shops

The French retail group Adeo will acquire a part of the chain of Austrian bauMax shops by the middle of July "Format' magazine reported in its latest issue.

June 19, 2015

Porr to Conduct Share Split on Stock Market on June 26

Listed builder Porr will conduct the 1:2 share split, already booked in the company ledgers, on the stock market on June 26, the company said.

June 19, 2015

Strabag Secures EUR 31.5 Mln Deal for Polish Museum

A consortium of firms led by Strabag has secured a deal for PLN131m (EUR 31.5m (USD 35.5m)) (gross value) for the construction of the Józef Piłsudski Museum in Sulejówek. The museum is dedicated to a renowned statesman. The building will encompass 5,000 square meters of usable area, spread in three buildings.

June 17, 2015

Baumit Boosts Engagement in Ukraine

Baumit is still focusing on Eastern Europe and is still investing, "despite all risks” in Ukraine: The dry mortar plant, which opened in 2012 near Kiev, will be expanded the company announced. Robert Schmid, the head of Baumit Beteiligungen GmbH, also emphasized the "social responsibility” towards the 60 employees in Ukraine.

June 16, 2015