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Porr AG (ABGV.VI)

ABGV.VI on Vienna Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Porr AG: Porr SUISSE to upgrade Swiss national highway in a consortium
Monday, 27 Mar 2017 03:28am EDT 

Porr AG : Porr SUISSE hired to upgrade SWISS national highway in a consortium . Tender is worth 53 million Swiss francs ($53.86 million), whereby Porr holds a stake of 45 percent .Project involves refurbishment works on five bridges and two tunnels and will be realised in a consortium. Construction work already began in February 2017 and is set for completion in October 2019.  Full Article

Porr says Heijmans Oevermann GmbH to become part of Porr
Thursday, 16 Mar 2017 04:01am EDT 

Porr AG : Porr expands traffic expertise in Germany . Construction company Heijmans Oevermann GmbH will become part of Porr, share purchase agreement .Purchase price is around 60 million euros.  Full Article

Heijmans to sell Oevermann to PORR
Monday, 6 Mar 2017 01:15pm EST 

Heijmans NV : Reached agreement on sale of all shares in its German company oevermann GmbH to PORR Deutschland GmbH, a subsidiary of Austrian construction group PORR AG . Transaction is expected to be completed in Q2 of 2017, subject to approval of competition authorities . Anticipated net proceeds in cash for co will amount to 60 million euros ($63.47 million) .Sale will produce a transaction result of approximately 15 million euros, which will be recognized in 2017 financial year.  Full Article

PORR builds a bridge in Norway with a tender worth NOK 542 mln
Wednesday, 22 Feb 2017 05:49am EST 

PORR AG : Builds fifth bridge in Norway . Contract was signed at end of last week and construction work is set to begin as early as March: PORR will build 654m-long Varodd Bridge in Kristiansand .Tender is worth around 542 million Norwegian crowns ($64.70 million) (approx. 61 million euros).  Full Article

Porr successfully concludes issue of a subordinated bond
Thursday, 2 Feb 2017 07:35am EST 

Porr AG : Has successfully concluded issue of a subordinated bond (hybrid bond) . A total volume of 125 million euros ($135.05 million) was placed with national and international investors .Coupon was fixed at lower end of price range at 5.5 pct.  Full Article

Porr Deutschland to build section of the U5 city rail line in Frankfurt
Thursday, 19 Jan 2017 01:34am EST 

Porr AG : Porr Deutschland to build section of the U5 city rail line in Frankfurt .Tender volume is over 120 million euros ($127.62 million).  Full Article

Porr: shareholders perform a private placement of shares
Tuesday, 10 Jan 2017 12:30pm EST 

Porr AG : Was informed that shareholders perform a private placement of shares . Was informed that a group of shareholders of decided this evening to place up to 1,474,509 shares in Porr AG corresponding to up to 5 pct of voting rights . Group consists of all members of managing board and certain members of supervisory board of Porr AG (respectively entities affiliated with them), including companies of Ortner-Strauss-Syndicate . Ortner-Strauss-Syndicate will continue to hold clearly more than 50 pct of voting rights also following a placement of all shares .Sale of shares, on one hand, aims at increasing trading volume in Porr shares to improve mid-term chances of Porr to qualify for ATX 20 index.  Full Article

Heijmans to sell all shares in Franki to Porr Deutschland
Wednesday, 14 Dec 2016 01:51am EST 

Heijmans NV : On Dec 13 2016, Heijmans reached agreement on sale of all shares in German-based foundation specialist Franki to Porr Deutschland Gmbh a company of the Austrian Construction Group PORR . Anticipated net proceeds for Heijmans will be 15 million euros ($16.0 million) . It is expected that transaction will be completed in January 2017 .Transaction is outcome of Heijmans' assessment of strategic fit and international business opportunities of Franki.  Full Article

Porr H1 EBIT up 31 percent at 28.2 million euros
Tuesday, 30 Aug 2016 01:37am EDT 

Porr AG : H1 production output 1.7 billion euros ($1.90 billion), up 11.1 percent . H1 revenue 1.5 billion euros, up 14.2 percent . H1 EBIT up 31 percent at 28.2 million euros . Outlook for the full year is positive . H1 profit up 50.2 percent at 16.3 million euros . Confirms forecast for the full year .Expects further increase in output and earnings for current business year 2016.  Full Article

Porr wins first tunnel tender in Norway
Sunday, 28 Aug 2016 11:24pm EDT 

Porr AG : Awarded a tender by Nordland Fylkeskommune/Statens vegvesen to build a 5.5km-long stretch of County Road 17 in county of Nordland .Order is worth around 340 million Norwegian crowns ($40.95 million) (around 36.3 million euros).  Full Article

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BRIEF-Porr AG: Porr SUISSE to upgrade Swiss national highway in a consortium

* Porr SUISSE hired to upgrade SWISS national highway in a consortium