Austrian Stocks: RHI AG, Vienna Insurance, and Wienerberger
Austria’s benchmark ATX Index gained for a second day, rising 26.51, or 1 percent, to 2,790.08 at the 10:57 a.m. in Vienna.
The following were among the most active stocks in the Austrian market. Symbols are in parentheses.
RHI AG (RHI AV) retreated 0.8 percent to 27.17 euros, the worst performance on the ATX Index. UniCredit SpA is managing the sale of 1.32 million shares of RHI AG, according to terms of the deal obtained by Bloomberg News.
The liquidator of Auer von Welsbach is selling the stake and the price will be determined by an accelerated bookbuild process, the terms show.
Vienna Insurance Group (VIG AV) climbed 2.6 percent to 37.9 euros, ending a two-day loss. Eastern Europe’s biggest insurer was rated “buy” in new coverage at UBS AG, which said in a note that the company “offers attractive growth prospects in central and eastern Europe against the dull Western European outlook.”
Wienerberger AG (WIE AV) surged 4.4 percent to 14.03 euros, the highest in more than seven months. Royal Bank of Scotland Group Plc increased its price estimate on the world’s biggest brickmaker to 12.4 euros from 11.6 euros, citing a “mid-term recovery.” The brokerage kept a “hold” recommendation because of a “fair valuation.”
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