Edition:
United Kingdom

Kirsti Knolle

Germany's Osram urges investors to accept $4.8 billion AMS offer

17 Sep 2019

VIENNA/MUNICH Osram advised shareholders to accept a 4.3 billion euro ($4.8 billion) bid from AMS on Monday, bringing the Austrian sensor specialist a step closer to taking over the bigger German lighting group.

Austria's AMS makes $4.8 billion counterbid for Germany's Osram

03 Sep 2019

VIENNA Austrian sensor specialist AMS made a 4.3 billion euro($4.8 billion) counter-offer for larger German lighting group Osram on Tuesday, raising the prospect of a bidding war with private equity duo Bain Capital and Carlyle .

Russia leases its rainy day LNG vessel to Austria's OMV

29 Aug 2019

MOSCOW/VIENNA A Russian liquefied natural gas (LNG) unit hailed by President Vladimir Putin as a guarantor of energy security to Russia's Kaliningrad enclave has been leased by OMV, in the absence of immediate threats to its overland gas supplies.

Russia leases its rainy day LNG vessel to Austria's OMV

29 Aug 2019

MOSCOW/VIENNA, Aug 29 A Russian liquefied natural gas (LNG) unit hailed by President Vladimir Putin as a guarantor of energy security to Russia's Kaliningrad enclave has been leased by OMV, in the absence of immediate threats to its overland gas supplies.

Restructuring at Osram will include job cuts: AMS

22 Aug 2019

VIENNA AMS's finance chief said on Thursday further restructuring would be necessary at Germany's Osram and signaled there would be job cuts if the sensor specialist's takeover offer for the company was successful.

Restructuring at Osram will include job cuts - AMS

22 Aug 2019

VIENNA AMS's finance chief said on Thursday further restructuring would be necessary at Germany's Osram and signalled there would be job cuts if the sensor specialist's takeover offer for the company was successful.

AMS sparks bidding war for Osram, shines spotlight on auto business

12 Aug 2019

VIENNA Osram said on Monday it would consider a takeover by Austrian sensor maker AMS that trumps a competing bid by Bain and Carlyle with a cash offer valuing the German lighting group at 4.3 billion euros ($4.8 billion). | Video

Andritz shares lifted by strong second-quarter orders, cash flow

02 Aug 2019

VIENNA Shares in engineering company Andritz soared on Friday after it reported strong orders and cash flow in the second quarter and confirmed its full-year outlook, easing some concerns about the impact of a slowdown the automotive sector.

Austria's AT&S hit by smartphone, automotive demand drop

02 Aug 2019

VIENNA Austrian printed circuit board maker AT&S said its first-quarter core profit fell 33% due to lower demand from smartphone makers and the automotive industry, knocking its shares despite an upbeat medium-term forecast.

Record output helps Austrian energy firm OMV top forecasts

31 Jul 2019

VIENNA Record production helped Austrian oil and gas group OMV top second-quarter core operating profit and cash flow expectations, sending its shares up 3.6% in early Wednesday trade.

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