13.10.2024, 1727 Zeichen

VAS: Norbert Thurner has resigned from his position as a member of the board of VAS AG, one-stop provider of solid fuel-fired plants for generating heat and electricity. As the company announced, the board member with sole power of representation, Lukas Thurner, will continue to run the business alone.

Strabag: In close coordination with Austrian based construction group STRABAG SE, the Austrian core shareholders have filed a claim with a court of arbitration in Amsterdam concerning the rights of first refusal laid out in the 2007 syndicate agreement. The court must now clarify the following in particular: • the validity of the rights of first refusal beyond termination of the syndicate agreement from 2007 • the triggering of first refusal rights through change of control • the possibility to transfer shares under compliance with sanctions regimes “Our position since the start of the war has been clear and we have taken decisive steps to distance ourselves from the sanctioned shareholder. With the capital measure completed in March of this year, we succeeded in pushing the affected shareholdings below the important threshold of 25%. The fact that a STRABAG shareholder remains sanctioned, along with the uncertainties resulting from its transfer to Iliadis, nevertheless represent a persistent risk for our company. Rasperia’s sale in Russia by Valtoura to Iliadis now gives us the opportunity to finally separate ourselves from the sanctioned shareholder. We are therefore pushing ahead with this process using every means at our disposal,” says Klemens Haselsteiner, CEO of STRABAG SE.
Strabag: weekly performance: 0.80%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (09/10/2024)

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