Austrian Economic News - Week 8-14 Oct

Monday

Austrian rubber specialist Semperit AG Holding has agreed to buy 47.3% in Malaysian Latexx Partners Berhad. The target company is one of the biggest makers of medical gloves in the world.
Erste Group is considering whether to keep its loss-making business in Ukraine. A decision will be taken by the end of the year, a spokesperson said on Monday.

Tuesday

Real estate company Immofinanz said that it had secured long-term refinancing worth 80m euro from German bank Helaba. The refinancing will be used for the office projects Brama Zachodnia and IO-1 in Warsaw.
Semperit AG Holding announced on Tuesday that it had secured a total of 59.3% in Malaysian Latexx Partners. The Austrian company revealed on Monday its takeover offer for up to 100% in the medical glove producer.
Following last week's divestment, the stake of Erste Privatstiftung and its partners in Erste Group has decreased to 24.17%, the bank said in a statement.

Wednesday

Strauss und Partner Beteiligungs GmbH will have to file a takeover offer for all shares in Austria's second biggest building company Porr, the company said. The offer has to be completed by the end of October.   

Thursday

Austrian sugar producer Agrana said on Thursday its net profit grew to 99.6m euro in the first half of fiscal 2012/13 from 77.7m euro a year earlier due to higher sugar prices. Revenues went up to 1.603bn euro from 1.285bn euro. For full 2012/13 the company projects revenues of above 3bn euro, while prices are to remain high.
Vienna Airport serviced 2.17m passengers in September, an increase of 3.6% on the year. The operator registered growth of 5.9% for the first nine months of the year. Freight volumes, however, decreased in September by 11.5%.
Verbund has divested its 49% stake in Energie Klagenfurt GmbH (EKG) for 70m euro. Regional utility Klagenfurter Stadtwerke is now the sole owner of EKG.
US Century Casinos, listed on the Vienna Stock Exchange, has agreed to buy further 33.3% in Casinos Poland Ltd. (CPL). If the deal is approved Century Casinos will control two thirds in the Polish firm.

Friday

Austria's major power utility Verbund has confirmed that there are ongoing considerations regarding the future of its business in Turkey. The options range from divestment to acquisitions, Verbund said in a statement.
Erste Group wants to expand its activities in Turkey, especially in the field of Investment Banking and Capital Markets, Ingo Bleier, head of investment banking, told local daily Hürriyet. Erste Group stepped on the Turkish market in 2009.