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Austrian Market Headlines and Analysis

RZB Sold 17.6 Percent Stake of Uniqa

Raiffeisen Zentralbank (RZB) is selling a larger part of its stake in insurance company Uniqa. The bank will part with 17.64 percent of the insurer’s shares, thus reducing its stake to 8.64 percent.

Yesterday

US Fund Bain Capital Fighting for Former Hypo Leasing Italy

US fund Bain Capital is allegedly behind the takeover of bad bank of the former Hypo Italy subsidiary in Udine. The deal involves the takeover of the staff and an non-performing loan portfolio of EUR 627 million, Milanese newspaper Sole 24 Ore reports.

Yesterday

Crowdinvesting on the Rise in Austria

In H1 2016 Austrians invested EUR 13.5 million (USD 14.8 million), i.e. EUR 4.8 million more y/y, via domestic internet platforms than in all of 2015, statistics on crowd investing platforms, provided by the Austrian business chamber Wirtschaftskammer Österreich, indicate.

Yesterday

Heta: Carinthian Government Postpones Decision on Federal Financing

The government of Austria's region Carinthia has postponed the decision on the base agreement with the state on the financing of bad bank Heta bond buyback till Wednesday from Tuesday, Carinthia governor Peter Kaiser told journalists.

Yesterday

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

Kapsch TrafficCom to Deliver Toll System to USA for EUR 134 Million

Kapsch TrafficCom will renovate the toll syste, for six bridges and tunnels of the port management of New York and New Jersey (Port Authority of New York and New Jersey).

July 25, 2016

Telekom Austria Quadruplicates Dividend for 2016 from EUR 0.05 to EUR 0.20

At today's meeting of the supervisory board of partially state-owned Telekom Austria a dividend hike from EUR 0.05 per share to EUR 0.20 per share was recommended. This is based on "improved operational and economic development of the group” the company announced on Friday afternoon.

July 22, 2016

FDI: International Companies Triple Investments in Austria in H1

International firms invested EUR 480.6 million (USD 529.3 million) in Austria in H1 2016, more than tripling the investment volume y/y, according to data of the national investment promotion agency ABA Austrian Business Agency.

July 22, 2016

Vienna Airport Vying for UK-Based Firms After Brexit Referendum

Listed Vienna airport operator Flughafen Wien is putting more focus on attracting UK-based enterprises following the Brexit vote and is publishing ads in the Financial Times.

July 22, 2016

Telekom Austria Seen Netting EUR 53.1 Mln in Q2

Listed incumbent telco Telekom Austria, a unit of America Movil, will likely suffer an over 30 percent y/y decline in Q2 net profit to EUR 53.1 million (USD 58.5 million), expect Erste and Raiffeisen analysts ahead of the publication of Q2 report.

July 22, 2016