Austrian economic news in a flash - 13.10

(The most important economic news in Austria)
 
Builder Strabag has replaced a syndicated loan of EUR 1.5bn with a new credit line of EUR 2bn, the company said. The bank consortium which secured the loan was led by Deutsche Bank and Raiffeisen Bank International (RBI).
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Bank BAWAG PSK and Austrian Post AG have renewed their distribution contract with additional ten years. The contract was to expire in 2012. Thus 520 branches of the two partners will offer bank and postal services, BAWAG and Post AG said.
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AmpegaGerling, part of German insurer Talanx, has acquired the one-third stake of insolvent financial group AvW in fund manager C-Quadrat Investment AG, AvW's insolvency administrator said. The stake, which is to be reduced at a later stage, was bought for EUR 17.9m.
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Kapsch TrafficCom AG plans to issue a corporate bond worth between EUR 65m and EUR 75m, with a possible maturity of seven years, the company said in a statement. Erste Group and Raiffeisen Bank International will act as joint lead managers of the issue.