STRABAG Company News - Mandatory takeover bid by newly formed syndicate
Newly formed syndicate consisting of Haselsteiner Private Foundation (as well as Hans Peter and Klemens Haselsteiner), Raiffeisen Holding Niederösterreich-Wien and UNIQA triggered mandatory takeover bidOffer price of EUR 38.94 per share below current price at the stock exchange and our target price
Rasperia Trading will be excluded from the offer
STRABAG agreed to acquire up to 10% of shares from mandatory offer
Strabag is a technology group for construction services. Co. provides its services in four operating segments: North + West, which executes construction services of nearly any kind and size with a focus on Germany, Poland, the Benelux countries and Scandinavia; South + East is focused on Austria, Switzerland, Hungary, the Czech Republic, Slovakia, Russia and neighbouring countries as well as on the region South-East Europe; International + Special Divisions, which include on the one hand, the field of tunneling and the concessions business; and Other, which contains the intra-company Central Divisions and Central Staff Divisions.
The Institutional Equity Research team of Raiffeisen Bank International AG covers 85 stocks from Austria, Central & Eastern Europe with sell-side research and thus levers our local broker status with excellent company relationships. For corporates in Austria, CEE and Western Europe, we offer co-sponsored research, which includes research coverage and marketing activities to investors. Additionally, through our Spotlight Research product we also shed light on leading European small and micro-caps, seeking greater visibility with investors.
The Institutional Equity Research team consists of roughly 15 analysts, both in Vienna and the CEE countries. Our analysts provide long-standing sector expertise in tandem with profound local market know how and a sectoral approach across the entire region.
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