вторник, 15 февруари 2011 г.

Austria's top economic news - February 14

Real estate company Immofinanz said it plans to issue a convertible bond due 2018. In addition, the firm will repurchase 2.75% convertible bonds due 2014 and 1.25% convertible bonds due 2017. The repurchase will be funded via proceeds from the new issue. 
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UK life insurer Prudential has raised its shareholding in sugar, starch and fruit group Agrana to 15.03%, the Austrian company said. Prior to the increase, Prudential held slightly above 10% in Agrana.
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Wolfgang Eder, CEO of steel specialist Voestalpine, spoke in an interview for Top-Gewinn that the country should reduce its stakes in state-owned companies as it is not the "right owner". Regarding Voestalpine's sale plans, the CEO said the firm does not plan to divest its stainless steel division Böhler-Uddeholm.
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Technology group Andritz said it has been awarded orders worth EUR 330m for the supply of equipment for the Pimental power house of the Belo Monte project in Brazil. The controversial project, located in the Amazon rainforest, is considered by many as harmful to environment and local residents.
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Andritz further announced it was in advanced talks for the delivery of production technologies and equipment for the new pulp mill of Montes del Plata in Punta Pereira, Uruguay. Such projects have a usual value of between EUR750m and EUR800m.

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