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 offerOverall 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
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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