Protector of Austrian Industry Jewels Turns Into a Raid Target

B&C Privatstiftung, a trust that sees its job in protecting Austrian industry against foreign raiders, says it’s become the target of a raider itself -- and one from home.

The foundation, which controls fiber maker Lenzing AG, aluminum maker Amag Austria Metall AG and rubber maker Semperit AG and is looking for a fourth asset, is targeted by Austrian investor Michael Tojner in a hostile attempt, B&C Chairman Wolfgang Hofer said in a statement on Saturday. UniCredit SpA is also involved in the attempt, Hofer said.