Austrian Airlines delays planned capital increase

Article Abstract:

Austrian Airlines has delayed its planned capital increase in autumn of 1998 due to the current market condition. In April 1998, the airline announced its intention to issue at least eight million new shares with a nominal value of 100 schillings each as part of a move to issue 13 million new shares by 2003. The money to be raised by Austrian Air was earmarked to replenish and upgrade its fleet and boost its capital base after its buying and capacity expansion activities. The postponement would not affect Austrian Air's investment plan, according to analysts.

Comment:

Delays its planned capital increase in autumn of 1998 due to the current market condition

Financial management, Scheduled Airlines, Scheduled Air Transportation, Airlines, Austrian Airlines

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Tabak's spark rated one of the brightest

Article Abstract:

Austria Tabakwerke AG, the primary supplier and manufacturer of tobacco products in Austria, marks its initial listing anniversary on the Vienna Stock Exchange as a leading firm in the stock market. Austria Tabakwerke continues to have shares of its stock listed above its initial share-price offering and market analysts continue to give an excellent rating for the firm's shares of stock. Majority of market analysts are also expectant that Austria Tabakwerke will enjoy another excellent year in 1999.

Comment:

Marks its initial listing anniversary on the Vienna Stock Exchange as a leading firm in the stock market

Tobacco Products, Tobacco Manufacturing, Austria Tabakwerke AG

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Telecom Italia, Ameritech seek PTA stake in Telekom Austria

Article Abstract:

Post & Telekommunikation Austria AG (PTA) acknowledged that it has received two offers for a 25% share of Telekom Austria AG. It had been predicted that PTA would receive three offers for the 25% share. Telecom Italia SpA and Ameritech Corp. made the bids. Deutsche Telekom AG did not make an offer before the August 31, 1998 deadline.

Comment:

Post & Telekommunikation Austria AG (PTA) acknowledges that it has received two offers for a 25% share of Telekom Austria AG

Wired Telecommunications Carriers, Telephone Communications, Telephone services, Post and Telekommunikation Austria AG

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