Austrian Stocks: Andritz, A-Tec, CA Immo, Strabag, Wienerberger
Stock Chart for Andritz AG (ANDR)
Austria’s benchmark ATX Index slid 0.4 percent to 2,755.09 at the 5:30 p.m. close in Vienna, the first retreat in three days. The gauge still posted a 2.8 percent weekly advance.
The following are among the most active stocks in the Austrian market today. Symbols are in parentheses.
Andritz AG (ANDR AV) lost 2.3 percent to 65.68 euros, snapping a two-day gain. The world’s second-biggest maker of hydropower plants agreed to buy A-Tec Industries AG’s AE&E Austria unit, according to Hans-Georg Kantner, the spokesman of A-Tec’s creditor committee.
Andritz will pay for the unit in cash and by taking over financial obligations, Kantner, a representative of credit protection association Kreditschutzverband von 1870, said in a telephone interview from Vienna today. The creditor committee values the deal between 5 million euros ($6.6 million) and 10 million euros, he said.
A-Tec Industries (ATEC AV) jumped 34 percent to 2.93 euros, the biggest advance since October.
CA Immobilien Anlagen AG (CAI AV) soared 11 percent to 11.52 euros, the highest price in more than a year. UniCredit Bank Austria AG has submitted a voluntary offer for CA Immobilien Anlagen shares and plans to increase its current stake to just under 30 percent from currently over 10 percent.
Strabag SE (STR AV) climbed 2.9 percent to 20.11 euros, the highest close since May. Central Europe’s biggest construction company said Russia having won the right to host the soccer’s 2018 World Cup is “very positive news” for the company.
“This offers the construction industry the prospect of additional contracts in building stadiums and roads,” Strabag spokeswoman Diana Klein said in a statement today.
Wienerberger AG (WIE AV) increased 2.4 percent to 13.05 euros. Chief Executive Officer Heimo Scheuch said he expects the world’s biggest brickmaker to report higher earnings before interest, taxes, depreciation and amortization in the fourth quarter as it controls production costs and makes better use of capacity.
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