Machinery holding company Heid AG said its sales grew to EUR 235,000 for the third quarter of 2010, from EUR 215,000 a year earlier. The order intake stood at EUR 255,000. The company projects to end 2010 with a positive performance.
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Züblin, a German subsidiary of Strabag, has received a green light from the European Commission for its joint venture with German VMT GmbH. The new company, ITC Engineering, will develop data management software for the construction sector.
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The supervisory board of Austria's biggest utility Verbund has given a green light on the firm's EUR 1bn capital increase. The Austrian state, which owns 51% in the company, as well shareholders EVN, Tiwag and Wiener Stadtwerke, will all participate in the hike. The proceeds will be used for investments in hydropower and in the grid.
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As expected German EnBW did not take part in the latest capital increase of Austrian utility EVN. Thus, the stake of EnBW was reduced to 32.5% from 35.72% before. The free float of EVN, in return, grew to 16.5% from 13%.
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Real estate company conwert said it has secured 95.76% in sector company Eco Business-Immobilien AG after the expiry of its takeover bid. For now there are three opportunities before Eco -- squeeze-out and delisting; merger with conwert or keeping of the Vienna bourse listing.
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Immofinanz opened the Gold Plaza Baia Mare shopping centre in Romania. The facility will house 100 shops and took EUR 70m in total investments.
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Road telematics specialist Kapsch TrafficCom said it has agreed on the takeover of Mark IV IVHS for USD 70m. The target company is active in North America.
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Fibre maker Lenzing said it expects EUR 1.28bn sales for the first nine months of 2010, up by 45.2%. The EBIT is seen at EUR 168.8m, an increase from EUR 54.3m a year earlier. The company will release its financial figures on 16 November.
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Austria's wholesale price index fell 0.2% month-on-month in October 2010, Statistik Austria said. In annual comparison, the index grew 7%.
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