27.06.2021, 3686 Zeichen

Mayr-Melnhof: The Mayr-Melnhof Group ("MM") and Oaktree Capital Management have reached a firm intention on the sale of MM's virgin fiber cartonboard mills located in Eerbeek, Netherlands, and Baiersbronn, Germany, to Oaktree for an equity value of Euro 104.6 mn and net debt subject to final closing accounts. Eerbeek and Baiersbronn together have an annual capacity of about 245kt of virgin fiber cartonboard (FBB) produced on two board machines and employ approximately 400 people. Sales reached Euro 195 mn in 2020. The divestment is in line with and forms part of MM's strategy to focus on new acquisitions and growth capex.
Mayr-Melnhof: weekly performance: 1.45%

Strabag: The publicly listed construction group Strabag SE Group has been awarded the contract to upgrade a 30 km section of railway in south-eastern Hungary via its Hungarian railway construction subsidiary Strabag Rail Kft. The contract, which is worth a total of EUR 364 million, will be executed in a consortium with a Hungarian partner (Strabag share: 66 %). With the official signing last week started the financing phase. It will be followed by a 33 month long construction phase.
"The dual-track upgrade of this section of railway from Békéscsaba station to the national border will help to modernise an important link along the Trans-European Network. This improves the connection between internal markets and the Black Sea ports," says Strabag CEO Thomas Birtel.
Strabag: weekly performance: -12.36%

Lenzing: The Association of Chemistry Teachers in Austria - known by its German abbreviation, VCÖ - has been holding project competitions that thrill students and take them beyond the traditional syllabus for 30 years. Every two years, it highlights a key topic for ninth- and tenth-graders to explore by conducting special experiments and learning from their observations and conclusions. This year, the 16th installment of the competition is called, "Achieving a cleaner climate and a circular economy with chemistry". These topics are also near and dear to the heart of globally active fiber manufacturer Lenzing. That's why the company promptly announced that it was prepared to support this project competition in several different ways. First, Lenzing made a contribution toward the sponsorship fund totaling Euro 30,000. Second, it initiated a special prize on biodegradability - a topic of growing importance given the huge challenges involved in reducing plastic waste. Finally, Lenzing placed a recognized expert at the students' disposal to provide assistance and answer questions: Michaela Kogler, Project Manager Nonwovens & Technical Products. Two teams were tasked with biodegrading different fibers - just like those used to produce textiles and nonwovens - with the active participation of worms. Students at BRG solarCity in Linz buried fiber nonwovens, a basic material used in wet wipes and other products, in soil that was populated with numerous rainworms, while students at Vöcklabruck Junior High School for Sports and Integration layered textiles into a vermicomposting bin. Both experiments intended to determine the extent to which certain materials would biodegrade quickly. As it turned out, both projects showed that wood-based fibers, like those that Lenzing manufactures for the textile and nonwoven industry, break down very rapidly into natural constituents that swiftly pass into the soil. In contrast, fossil-based plastics such as polyester or polyethylene cannot be decomposed by worms or bacteria but remain in the soil, sometimes for hundreds of years.
Lenzing: weekly performance: 0.76%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (22/06/2021)

Christian Drastil: Wiener Börse Plausch

Wiener Börse Party #792: ATX zum Ultimo etwas fester, Immofinanz liefert gut und dank Thomas Rybnicek heisst es Handle with Care

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