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21st Austria weekly - Wienerberger, voestalpine (04/04/2019)

07.04.2019

Wienerberger: The Wienerberger Group has acquired Reddy S.A., the Belgian specialist supplier of electrical accessories. This move enlarges Wienerberger’s product portfolio in the highly attractive electro business, taking the next step forward on the company’s value-creating growth path. Wienerberger can now further leverage its market position and become a full system partner to its customers. Wienerberger-CEO Heimo Scheuch: "Reddy’s high-margin and high-quality products are a perfect fit for our electro business and the logical next step after the successful acquisition in 2017 of the Preflex Group, the specialist in prewired electro conduits. We are now able to offer complete system solutions for buildings on a one-stop-shop basis: from empty conduits to prewired electro conduits to installation boxes and accessories. At the same time, we are gaining valuable know-how and additional expertise for the design of innovative products. We are thus preparing the ground for accelerated growth in the attractive market for electrical installations." It has been agreed not to disclose the purchase price.
Wienerberger: weekly performance: 4.33%

voestalpine: voestalpine AG, globally leading technology and capital goods group, has successfully placed a new Euro 500 million corporate bond issue in the capital market to provide funding for general corporate financing. The coupon rate for the 7-year bond is 1.75%. The bond can be subscribed by private investors until April 9, 2019.
voestalpine: weekly performance: 8.35%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (04/04/2019)


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21st Austria weekly - Wienerberger, voestalpine (04/04/2019)


07.04.2019



Wienerberger: The Wienerberger Group has acquired Reddy S.A., the Belgian specialist supplier of electrical accessories. This move enlarges Wienerberger’s product portfolio in the highly attractive electro business, taking the next step forward on the company’s value-creating growth path. Wienerberger can now further leverage its market position and become a full system partner to its customers. Wienerberger-CEO Heimo Scheuch: "Reddy’s high-margin and high-quality products are a perfect fit for our electro business and the logical next step after the successful acquisition in 2017 of the Preflex Group, the specialist in prewired electro conduits. We are now able to offer complete system solutions for buildings on a one-stop-shop basis: from empty conduits to prewired electro conduits to installation boxes and accessories. At the same time, we are gaining valuable know-how and additional expertise for the design of innovative products. We are thus preparing the ground for accelerated growth in the attractive market for electrical installations." It has been agreed not to disclose the purchase price.
Wienerberger: weekly performance: 4.33%

voestalpine: voestalpine AG, globally leading technology and capital goods group, has successfully placed a new Euro 500 million corporate bond issue in the capital market to provide funding for general corporate financing. The coupon rate for the 7-year bond is 1.75%. The bond can be subscribed by private investors until April 9, 2019.
voestalpine: weekly performance: 8.35%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (04/04/2019)


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