PORR Company News - Cartel fine, capital increase and new hybrid capital
PORR settled domestic cartel case for fine of EUR 62.35 mnGuidance for FY 21 of EUR 5.3-5.5 bn and an EBT margin of 1.3-1.5% maintained
Company strives for cash capital increase, subject to market conditions
Decision on size and timing might occur shortly
Core shareholders intend to participate with a substantial amount
New hybrid capital planned to refinance the 2017 hybrid bond in the amount of EUR 99 mn
PORR is engaged in the building construction, structural and civil engineering, road construction and infrastructure construction. Co. also operates the construction branches of planning, development, execution and operation. Co. also coordinates the supraregional activities of the construction branch subsidiaries. Co. is engaged in the contruction of buildings and industrial plants; revitalizing protected architectural treasures; general contractor services, project planning and development; railway construction; foundation engineering; power-plant, tunnel, underground rail and traffic route construction; environmental engineering and prestressing technology.
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