Frauenthal Rises on Plan to Sell Catalyst Unit: Vienna Mover
Frauenthal Holding AG (FKA), an Austrian car parts maker, rose the most in a month after saying it plans to sell its catalyst unit.
Shares climbed 6.2 percent, their biggest gain since March 8, and closed at 10 euros a share in Vienna. More than 44,600 shares traded hands, about 20 times the average volume over the last 30 days, according to Bloomberg data.
The company, which is based in the Austrian capital, said yesterday after markets closed that its management board decided to start negotiations with potential strategic partners and interested buyers for its industrial honeycombs unit, which produces SCR catalysts for thermal power stations and diesel motors, heat sinks and casting filters.
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