Austrian economic news in a flash

(The most important economic news in Austria from 28 September)

Telekom Austria is one of the five companies interested in the takeover of 75% in Kosovo-based telecommunications company PTK. The local government plans to privatise the telecom business of the company and to retain its postal services. The other interested parties include Albanian ALB Telecom, Croatia's Telekom, Egypt's Orascom Telecom Holding and Yemen's Sabafo. The deal value is estimated at between EUR 300m and EUR 600m.
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Federico Ghizzoni, currently deputy CEO of Bank Austria, and Roberto Nicastro, deputy CEO of parent Unicredit, are considered the most possible candidates for the position of Unicredit's CEO. Alessandro Profumo, the previous CEO of the group, surprisingly stepped down a week ago.
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The owners of Austria's biggest dairy Berglandmilch have approved the takeover of sector company Tirol Milch. The deal is awaiting a nod from the country's anti-trust authorities.

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Power International (PI) and Airport International (AI), affiliates of the Meinl group in the past, said they had reached a settlement agreement for their ongoing disputes with Meinl Bank. Thus the two firms have ceased their legal proceedings against banker Julius Meinl V and other managers.