AUSTRIA: PBS TO RAISE FUNDS FOR EXPANSION

Article Abstract:

PBS Austria, a wholesaler of stationery and office products, is to set up logistics centres in the Czech Republic and Hungary in order to strengthen its market leadership in central Europe. In year 2000 PBS Austria expects a turnover of about Sch 2bn, and 30-40% growth is forecast for 2001. The company supplies almost all of Austria's 1,000 or so stationery retailers and half of the country's 500 biggest companies. Orders are placed via the internet. By March 2001 PBS Austria is to decide whether to team up with a partner or to go public in order to raise funds for expansion.

Foreign operations, Stationery stores, Stationery & Office Suppl Stores, Office Supplies and Stationery Stores, Office supply stores

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AUSTRIA: REXEL TO TAKE OVER F & G ARM

Article Abstract:

Felten & Guilleaume has signed a letter of intent to sell EH-Schrack Energietechnik GmbH to Rexel of France, which is part of the Pinault-Printemps-Redoute group. Rexel, which acquired the Linz-based wholesaler Schacke (17% market share) and the electrical wholesale division of ABB Austria in spring 1999, now raises its market share in Austria to about 40%. The EH-Schrack deal is to be completed by the end of 1999.

Asset sales & divestitures, Germany, Switchgear and Switchboard Apparatus Manufacturing, Switchgear, Felten und Guilleaume Energietechnik AG

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Austria: Review of shop opening hours

Article Abstract:

The president of the Austrian chamber of commerce, Christoph Leitl, recommends a nationwide lifting of shop closure times. Regional governments should regulate their opening hours, which according to Leitl would automatically lead to longer opening times. If these new measures were allowed, neighbouring provinces would quickly follow suit in order to compete.

Government regulation (cont), Personnel administration, Wholesale industry, Leitl, Christoph

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