Report

STRABAG Company News - Mandatory takeover offer document published by syndicate

Syndicate consisting of Haselsteiner Private Foundation, Raiffeisen Holding Niederösterreich-Wien and UNIQA released the anticipatory mandatory takeover offer
Overall conditions in line with the information from mid-August
Offer price of EUR 38.94 per share slightly above the current price at the stock exchange
Acceptance period runs until 27 October, 3 months extension possible
STRABAG agreed to acquire up to 10% of shares from mandatory offer
Underlying
STRABAG SE

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.

Provider
Raiffeisen Centrobank
Raiffeisen Centrobank

Raiffeisen Centrobank (RCB) is a leading investment bank in Austria and the CEE region and the competence center for equities of the Raiffeisen Banking Group. The bank covers the entire spectrum of services and products around equities, derivatives and equity capital transactions and is a pioneer and market leader in the field of structured products.

RCB Company Research offers you access to in-depth equity research and the latest news on listed Austrian and CEE companies. The research universe comprises roughly 130 stocks from Austria, CEE and Russia. The Company Research team of RCB consists of roughly 20 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.

 

Analysts
Markus Remis

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