AUSTRIA: INTERNET PLANS BY VOEST-ALPINE STAHL?

Article Abstract:

There are rumours about VA Stahl planning to hive off e-commerce and internet activities. Within a separate company, these activities of VA Stahl might be combined with those of other firms. Also logistics activities are reportedly to be hived off, combining purchasing, distribution and transport. The proposed unit would control also VA Stahl's 25% stake in Industrie Logistik Linz (ILL), a joint venture with the transport companies Preymesser and Schachinger. Moreover, VA Stahl has applied for a Europe-wide railway licence. VA Stahl's other plans are said to involve a venture fund for start-ups. The company might expand in industrial and related services.

Strategy & planning

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AUSTRIA: VA STAHL WORRIED ABOUT LOW SHARE PRICE

Article Abstract:

The Austrian Linz-based steel producer Voest-Alpine Stahl (VA Stahl) is worried about the low share price of the company. The stock exchange values the company at Sch 14bn, while the firm's capital resources amount to Sch 20bn. If the share price does not rise by one third to EUR 40 by the end of 2001, excess capital will be paid as special dividend to shareholders. VA Stahl hopes to increase the value of the company by investments and acquisitions. VA Stahl is also planning to buy back up to 10% of shares and reserve them for employee participation and strategic investors.

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POLAND: VA STAHL QUITS PRIVATISATION BID

Article Abstract:

VA Stahl of Linz has confirmed that it has withdrawn from an international consortium that wants to take over the Polish steel mills in Cedler, Florian, Katovice and Sendzimira. The other members of the consortium are Arbed of Luxembourg, Thyssen-Krupp of Germany and Usinor of France. There is speculation about the Austrian company being concerned about Arbed and Usinor, which are to merge, gaining too much weight in the consortium.

Foreign operations, Organizational history, Poland, VA Stahl AG, Arbed S.A., Thyssen Krupp

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