Schoeller-Bleckmann Oilfield Equipment (SBO) said its sales rose 22% to EUR 306m in 2010. The company's business was positively affected by the increased oil prices, which have led to recovery in investment activities in the oil industry. The pretax profit soared 79% to EUR 42m.
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Insolvent holding company A-Tec said it has agreed to sell German tool machine company Dörries Scharmann to Swiss StarragHeckert. The purchase price was set at EUR 70m.
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Austria's construction cost index for residential buildings stood at 119.3 pts in 2010, up 3.2% year-on-year, Statistik Austria reported.
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