21st Austria weekly - Andritz, OMV (07/09/2022)

Andritz: International technology group Andritz has received an order from Vietnam Electricity (EVN), a leading economic group in the energy sector in Vietnam, to supply the complete electro-mechanical equipment and technical services for the Ialy hydropower plant extension project located in Sa Thay district, Kon Tum province, and Chu Pah district, Gia Lai province, in Vietnam.
Andritz: weekly performance: 1.10%

OMV: The special audit, commissioned by the Supervisory Board of Austrian oil, gas and chemical group OMV in connection with a possible misconduct by former CEO Rainer Seele has been completed. It has been conducted by the German law firm Gleiss Lutz and the Austrian law firm hba. According to the investigation report presented to and discussed by the Supervisory Board, the former Chairman of the OMV Executive Board, Rainer Seele, acted within the scope of his authorization when making changes to gas supply agreements in 2018. Indications of deviations from internal company guidelines were found in the conclusion of a side agreement with an OMV executive and in the conclusion of the sports sponsorship agreement with the Zenit St. Petersburg football club. Nevertheless, legal experts are of the opinion that both agreements were concluded in a legally binding manner, explains lawyer Johannes Zink of the law firm hba: “Despite established deviations from internal company guidelines, no actionable misconduct on the part of the former CEO could be determined”. As a result, there are no further reasons preventing the discharge of the former executive at the next Annual General Meeting according to Zink.
OMV: weekly performance: -2.29%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (07/09/2022)

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1. https://open.spotify.com/episode/4qDe1BdQfArWA250j4oiLI Austrian Stocks in English: ATX TR in week 32 with muscles, Wienerberger on top -

Welcome to "Austrian Stocks in English - presented by Palfinger", the new and weekly english spoken Summary for the Austrian Stock Market, positioned every Sunday in the mostly german languaged Podcast " Christian Drastil - Wiener Börse, Sport Musik und Mehr“ . Week 32 was a very good one. ATX TR went up 2,1% to 6.515,1 points, it was also a comeback over the moving average 100 of this index. Year-to-date ATX TR is now at minus 16,99%.
These are the best-performers this week: Wienerberger 10,25% in front of Uniqa 6,33% and Andritz 5,71%. And the following stocks performed worst: Kapsch TrafficCom -2,29% in front of SBO -2,29% and FACC -1,45%.
News came from Andritz (2), CA Immo, A1 Telekom Austria (2), Semperit, Wolford, Kapsch TrafficCom, Vienna Airport, S Immo, Erste Group, Zumtobel, voestalpine and OMV. spoken by the absolutely smart Allison.

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