Real estate firm Immofinanz AG has launched a convertible bond via which it aims to raise EUR 515.12m. The subscription price was set at EUR 4.12 apiece, while the interest rate will stand at 4.25%.
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Lighting specialist Zumtobel has opened its light centre in Dubai, which will be used for a "doorway" for projects in the region.
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Austria produced above 1.7m hl of wine last year, down 26% in annual comparison, Statistik Austria said. The wine growing area was lowered 3% to 43,700 hectares.
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