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21st Austria weekly - A1 Telekom Austria, Porr (21/07/2020)

26.07.2020

A1 Telekom Austria: The Principality of Liechtenstein is now 100% shareholder of Telecom Liechtenstein AG (TLI) and has acquired the 24.9% of A1 Telekom Austria Group (A1TAG). Due to the group structure and the investment portfolio of the A1 Telekom Austria Group, the strategic continuation of this minority stake in TLI was no longer pursued. The partnership entered into in 2014 provided for an ordinary termination option after five years in accordance with the shareholder agreement, which the A1 Telekom Austria Group exercised in 2019. A further cooperation, especially on a technical-operational level (without capital interlocking), was successfully agreed between TLI and the A1 Telekom Austria Group. As A1TAG's stake in Telecom Liechtenstein is a minority interest, it was not fully consolidated in A1TAG's consolidated results and therefore has no impact on consolidated revenues or A1TAG's operating result (EBIT). Only TLI's pro rata result was shown in the financial result and thus in A1TAG's consolidated profit.
Telekom Austria: weekly performance: -1.07%

Porr: Austrian based construction group Porr has been entrusted with realising the new office building of the Supreme Audit Office in Prague. The contract is the first major public project in the Czech Republic to be realised in accordance with the FIDIC Yellow Book (design & build). It will simultaneously serve as a pilot project to fully utilise the trailblazing methods of Building Information Modeling (BIM). Construction is set to begin in August 2020, with completion planned in May 2022. The contract is worth approximately Euro 25 mn (around CZK 676m.)
Porr: weekly performance: 1.83%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (21/07/2020)


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21st Austria weekly - A1 Telekom Austria, Porr (21/07/2020)


26.07.2020


A1 Telekom Austria: The Principality of Liechtenstein is now 100% shareholder of Telecom Liechtenstein AG (TLI) and has acquired the 24.9% of A1 Telekom Austria Group (A1TAG). Due to the group structure and the investment portfolio of the A1 Telekom Austria Group, the strategic continuation of this minority stake in TLI was no longer pursued. The partnership entered into in 2014 provided for an ordinary termination option after five years in accordance with the shareholder agreement, which the A1 Telekom Austria Group exercised in 2019. A further cooperation, especially on a technical-operational level (without capital interlocking), was successfully agreed between TLI and the A1 Telekom Austria Group. As A1TAG's stake in Telecom Liechtenstein is a minority interest, it was not fully consolidated in A1TAG's consolidated results and therefore has no impact on consolidated revenues or A1TAG's operating result (EBIT). Only TLI's pro rata result was shown in the financial result and thus in A1TAG's consolidated profit.
Telekom Austria: weekly performance: -1.07%

Porr: Austrian based construction group Porr has been entrusted with realising the new office building of the Supreme Audit Office in Prague. The contract is the first major public project in the Czech Republic to be realised in accordance with the FIDIC Yellow Book (design & build). It will simultaneously serve as a pilot project to fully utilise the trailblazing methods of Building Information Modeling (BIM). Construction is set to begin in August 2020, with completion planned in May 2022. The contract is worth approximately Euro 25 mn (around CZK 676m.)
Porr: weekly performance: 1.83%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (21/07/2020)




 

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