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21st Austria weekly - Amag, Immofinanz (09/07/2019)

14.07.2019

Amag: Austrian based Amag signed an agreement for the cooperation in commercialisation of Amag rolled products in the global automotive industry. The contract partners Amag, Marubeni-Itochu Steel Inc. and Marubeni Corporation have agreed to bundle up the common strengths for the time being in the Japanese market. The quality of the AMAG flat rolled products combined with the market presence and local distribution and service centre structure of the Japanese contracting partner Marubeni brings numerous advantages for the customers in the Japanese automobile industry concerning quality and delivery performance. The arrangement also intends an expansion of the cooperation on the important markets USA, China, Mexico, India, Thailand, South Korea und Europe. "The Japanese automobile industry stands for innovation, quality and the highest reliability, all of which values also AMAG characterises. In this sense, we are especially pleased to continue developing our business in Asia together with our partners. As a part owner of the Canadian smelter Alouette, we already have a long-term partnership with Marubeni", according to Gerald Mayer, CEO of Amag Austria Metall AG.
Amag: weekly performance: 4.92%

Immofinanz: Austrian real estate company Immofinanz purchased the Palmovka Open Park in Prague. This office location consists of three buildings with 25,800 sqm of rentable space. The agreed property value amounts to Euro 76.4 million, and the expected rental income totals roughly Euro 4.4 million per year. The seller is Metrostav Development, the project development company which completed the property in 2018. The transaction will be financed with equity and debt. “Following the acquisition of the Warsaw Spire Tower in Poland, this transaction will create further high-quality growth impulses for our office portfolio. The Palmovka Open Park is a first-class office property which will generate stable cash flow and strengthen our presence in the very attractive Prague office market“, commented CEO Oliver Schumy on the acquisition.
Immofinanz: weekly performance: 1.72%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (09/07/2019)


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21st Austria weekly - Amag, Immofinanz (09/07/2019)


14.07.2019


Amag: Austrian based Amag signed an agreement for the cooperation in commercialisation of Amag rolled products in the global automotive industry. The contract partners Amag, Marubeni-Itochu Steel Inc. and Marubeni Corporation have agreed to bundle up the common strengths for the time being in the Japanese market. The quality of the AMAG flat rolled products combined with the market presence and local distribution and service centre structure of the Japanese contracting partner Marubeni brings numerous advantages for the customers in the Japanese automobile industry concerning quality and delivery performance. The arrangement also intends an expansion of the cooperation on the important markets USA, China, Mexico, India, Thailand, South Korea und Europe. "The Japanese automobile industry stands for innovation, quality and the highest reliability, all of which values also AMAG characterises. In this sense, we are especially pleased to continue developing our business in Asia together with our partners. As a part owner of the Canadian smelter Alouette, we already have a long-term partnership with Marubeni", according to Gerald Mayer, CEO of Amag Austria Metall AG.
Amag: weekly performance: 4.92%

Immofinanz: Austrian real estate company Immofinanz purchased the Palmovka Open Park in Prague. This office location consists of three buildings with 25,800 sqm of rentable space. The agreed property value amounts to Euro 76.4 million, and the expected rental income totals roughly Euro 4.4 million per year. The seller is Metrostav Development, the project development company which completed the property in 2018. The transaction will be financed with equity and debt. “Following the acquisition of the Warsaw Spire Tower in Poland, this transaction will create further high-quality growth impulses for our office portfolio. The Palmovka Open Park is a first-class office property which will generate stable cash flow and strengthen our presence in the very attractive Prague office market“, commented CEO Oliver Schumy on the acquisition.
Immofinanz: weekly performance: 1.72%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (09/07/2019)




 

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