Construction material group Wienerberger said it has agreed on a stake swap deal with its partner Monier. As part of the deal, Wienerberger will transfer its 50% stake in Bramac to Monier and will get in exchange the latter's 25% in Tondach Gleinstätten plus EUR 40m. Thus, Wienerberger will own 50% in Tondach, while Monier will have full control in Bramac.
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Standard & Poor's has put the credit ratings of Atrium European Real Estate on CreditWatch Negative due to the legal battles with former partner -- the Meinl Bank.
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Holding company Unternehmens Invest AG (UIAG) confirmed its preliminary results for fiscal 2009/10. The firm turned a profit of EUR 3.69m, down by EUR 110,000 compared to a year earlier.
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Insolvent PC game developer JoWooD will have to find around EUR 5m in order to offset the most urgent demands of its creditors, insolvency administrator Helmut Platzgummer told WirtschaftsBlatt. The company is currently working at full speed on its revamp programme.
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Builder Strabag has received two orders for the modernisation of 150 km from the Romanian road network. The orders value is estimated at EUR 106m.
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Sugar and fruit group Agrana said it has decided to close its joint venture with Chinese fruit juice concentrate producer Yantai North Andre Juice Co. Thus Agrana will take over one of the two plants of the joint venture, and its Chinese partner will operate the other one.
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Vienna's IT services provider ACP plans to make a second IPO attempt after the end of the financial crisis, WirtschaftsBlatt reported. The company ended in the red in fiscal 2008/09 but managed to make a turnaround in 2009/10.
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Austria's retail turnover rose by 4% in 2010 in nominal value, Statistik Austria said, giving preliminary figures. The turnover in real terms grew by 2.3%.
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