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Kirsti Knolle

AMS sparks bidding war for Osram, shines spotlight on auto business

Aug 12 2019

VIENNA Osram said on Monday it would consider a takeover by Austrian sensor maker AMS that trumps a competing bid by Bain and Carlyle with a cash offer valuing the German lighting group at 4.3 billion euros ($4.8 billion). | Video

Andritz shares lifted by strong second-quarter orders, cash flow

Aug 02 2019

VIENNA Shares in engineering company Andritz soared on Friday after it reported strong orders and cash flow in the second quarter and confirmed its full-year outlook, easing some concerns about the impact of a slowdown the automotive sector.

UPDATE 2-Andritz shares lifted by strong Q2 orders, cash flow

Aug 02 2019

* Shares gain 7.2%, highest in a month (Adds detail, CEO, analyst, shares)

Austria's AT&S hit by smartphone, automotive demand drop

Aug 02 2019

VIENNA Austrian printed circuit board maker AT&S said its first-quarter core profit fell 33% due to lower demand from smartphone makers and the automotive industry, knocking its shares despite an upbeat medium-term forecast.

Record output helps Austrian energy firm OMV top forecasts

Jul 31 2019

VIENNA Record production helped Austrian oil and gas group OMV top second-quarter core operating profit and cash flow expectations, sending its shares up 3.6% in early Wednesday trade.

UPDATE 2-Record output helps Austrian energy firm OMV top forecasts

Jul 31 2019

* Shares gain 3.6% in early trade (Adds detail, background, shares)

Iran says meeting with parties to nuclear deal 'constructive'

Jul 29 2019

VIENNA An emergency meeting with parties to Iran's 2015 nuclear deal was constructive but there are unresolved issues and Tehran will continue to reduce its nuclear commitments if Europeans fail to salvage the pact, Iranian official Abbas Araqchi said on Sunday. | Video

AMS re-opens door on Osram bid as recovery continues

Jul 23 2019

VIENNA Apple supplier AMS kept alive the prospect of a counterbid for German lighting group Osram on Tuesday, as the Austrian company predicted demand for its optical sensors would continue to recover in the third quarter.

From gas in Russia to China-bound plastics, Austria's OMV shifts focus for growth

Jun 19 2019

(Corrects name of Borealis CEO to Alfred Stern (not Achim Stern) in paragraph 22 in June 18 story.)

OMV to pay Gazprom $1 billion for stake in Siberian gas field

Jun 07 2019

VIENNA OMV agreed on Friday to pay 905 million euros ($1 billion) to Russia's Gazprom for a stake in a Siberian gas field, as part of the Austrian firm's strategy to boost its gas business.

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