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RHI AG (RHIV.VI)

RHIV.VI on Vienna Stock Exchange

36.83EUR
17 Oct 2017
Change (% chg)

€0.33 (+0.90%)
Prev Close
€36.50
Open
€37.00
Day's High
€37.00
Day's Low
€36.83
Volume
2,172
Avg. Vol
60,326
52-wk High
€37.86
52-wk Low
€21.80

Latest Key Developments (Source: Significant Developments)

RHI London listing due on Oct. 27 after merger with Magnesita
3:00am EDT 

Oct 17 (Reuters) - RHI AG ::‍Listing prospectus approved, final steps for business combination of RHI and Magnesita decided​.‍First day of trading on London Stock Exchange anticipated on October 27, 2017​.‍Last trading day on Vienna Stock Exchange expected for October 25, 2017​.‍Closing date of transaction foreseen for October 26, 2017​.‍Last trading day on Vienna stock exchange expected for October 25, 2017​.The controlling shareholders and additional sellers adhered to the share purchase agreement will deliver 50% plus one share in Magnesita and therefore will jointly receive a payment of 117.3 million euros in cash and 5.0 million newly issued shares in RHI Magnesita.  Full Article

RHI withdraws resolution of Dec. 1, 2016 on share buyback program​
Wednesday, 4 Oct 2017 09:54am EDT 

Oct 4 (Reuters) - RHI AG ::‍ADOPTED DECISION TO WITHDRAW ITS RESOLUTION OF DECEMBER 1, 2016, ON IMPLEMENTATION OF SHARE BUYBACK PROGRAM​.TO TERMINATE THIS SHARE BUYBACK PROGRAM WITH EXPIRATION OF OCTOBER 20, 2017.  Full Article

RHI AG sells its dolomite business in European Economic Area
Friday, 8 Sep 2017 11:51am EDT 

Sept 8 (Reuters) - RHI AG ::RHI SIGNED A CONTRACT WITH A EUROPEAN REFRACTORIES SUPPLIER REGARDING SALE OF ITS DOLOMITE BUSINESS IN EUROPEAN ECONOMIC AREA.SALE CONSISTS OF PRODUCTION SITES IN MARONE, ITALY, AND LUGONES, SPAIN.RESULTING FROM TRANSACTION, POSITIVE CONTRIBUTION TO EARNINGS IN MEDIUM SINGLE-DIGIT MILLIONS IS EXPECTED IN Q4 OF 2017.  Full Article

RHI AG: shareholders vote in favor and enable combination of RHI and Magnesita
Friday, 4 Aug 2017 11:28am EDT 

Aug 4 (Reuters) - RHI AG ::‍EGM APPROVED SPIN-OFF OF ALL SIGNIFICANT ASSETS OF RHI AG​ TO ITS WHOLLY-OWNED AUSTRIAN SUBSIDIARY RHI FEUERFEST GMBH​.EGM THUS APPROVED SUBSEQUENT CROSS-BORDER MERGER OF RHI AG WITH ITS WHOLLY- OWNED DUTCH SUBSIDIARY RHI-MAG N.V. WITH A MAJORITY OF MORE THAN 99,7% OF VOTES CAST​.‍IMMEDIATELY AFTERTHE MERGER HAS BECOME LEGALLY EFFECTIVE, COMPANY NAME OF RHI-MAG N.V. WILL BE CHANGED TO RHI MAGNESITA N.V.​.  Full Article

RHI says Brazilian antitrust authority approves merger with Magnesita
Wednesday, 12 Jul 2017 06:21am EDT 

July 12 (Reuters) - Rhi Ag :Says Brazilian antitrust authority approves combination of RHI and Magnesita.Says as a next step, our shareholders will decide, among other things, about merger of RHI AG with its wholly-owned Dutch subsidiary RHI MAG NV at an extraordinary general meeting.Says we are planning this general meeting for August 4.  Full Article

RHI sets cash offer to Magnesita shareholders at 26.50 eur/shr
Friday, 23 Jun 2017 01:23pm EDT 

June 23 (Reuters) - RHI AG ::As part of combination of RHI AG with Magnesita S.A., it is required to make a cash compensation offer to exiting shareholders for cross-border merger of RHI AG into RHI - MAG N.V..Management board today set price of cash compensation of eur 26.50 per share.This assessment is based on a pure stand-alone view of RHI not including synergies after closing of planned transaction.Further details regarding merger will be announced in course of disclosure of transaction documentation by June 30, 2017.  Full Article

RHI says its CEO will lead joint company after Magnesita merger
Friday, 23 Jun 2017 12:10pm EDT 

June 23 (Reuters) - RHI AG ::RHI announces management board changes.Executive management team (EMT) of RHI-Magnesita will be led by CEO, Mr. Stefan Borgas, who is currently member of management board of RHI and its CEO.Mr. Octavio Lopes, currently CEO of Magnesita, will become chief financial officer (CFO) of RHI-Magnesita.Mr. Gerd Schubert, currently member of management board of RHI responsible for operations, will become new chief operating officer (COO) of joint company.New EMT of RHI-Magnesita will be effective after closing of transaction, which will probably be in early November 2017.Mrs. Barbara Potisk-Eibensteiner, currently member of management board of RHI and company's CFO, will leave RHI at her own request as of August 31st, 2017.Mr. Stefan Borgas (CEO) will take over CFO responsibilities for interim period until closing of merger with Magnesita after Mrs. Potisk-Eibensteiner has left RHI.  Full Article

RHI AGM confirms 0.75 eur/shr div for financial year 2016
Friday, 5 May 2017 12:30pm EDT 

May 5 (Reuters) - Rhi Ag :eans-news: rhi ag / dividend announcement (e)=.At 38th annual general meeting of rhi ag held on may 5, 2017, a dividend payment of 0.75 euros per share (entitled to dividend) was adopted for financial year 2016 and decision made that remaining part be carried forward.  Full Article

Austria's RHI: U.S. trade commission approved planned merger with Brazil's Magnesita
Wednesday, 15 Mar 2017 06:11am EDT 

Rhi Ag : Rhi says U.S. Federal trade commission has approved planned merger with Brazil's Magnesita Further company coverage: [RHIV.VI] ((Kirsti.knolle@thomsonreuters.com;)).  Full Article

RHI FY 2016 revenue at 1.65 billion euros
Friday, 17 Feb 2017 04:28am EST 

RHI AG : Will conclude financial year 2016 with revenue of roughly 1,650 million euros ($1.76 billion) and an operating EBIT of roughly 123 million euros according to preliminary, unaudited figures . Operating EBIT amounted to roughly 135 million euros in past financial year, which corresponds to an operating EBIT margin of roughly 8.2 euros .Preliminary, unaudited EBIT of financial year 2016 thus amounts to roughly 116 million euros.  Full Article

RHI shareholders approve takeover of Magnesita

VIENNA, Aug 4 Shareholders of Austrian fireproof materials maker RHI on Friday formally approved the company's plan to buy Magnesita of Brazil despite objections voiced by some small stakeholders about the deal's complexity and cost.