21st Austria weekly - EVN, Andritz (23/01/2020)

EVN: Austrian utility company EVN announces that the consortium in which WTE Wassertechnik GmbH (WTE), a wholly-owned subsidiary of EVN AG, and a Kuwaiti financial investor each hold a 50% stake, was awarded the contract to construct the sewage treatment project Umm Al Hayman in Kuwait (sewage treatment plant as well as canal network with pumping stations). As general contractor, WTE is expected to be responsible for the planning and construction of, in particular, a wastewater treatment facility (contract value converted into euro of around Euro 600 mn) as well as - with partners - a canal network with pumping stations (contract value converted into euro of around Euro 950 mn). Plans for completion of the project anticipate a time frame of 30 months for the wastewater treatment facility and four years for the canal network with pumping stations. Thereafter, WTE will operate the wastewater treatment facility for 25 years and the canal network for three years.
EVN: weekly performance: 0.92%

Andritz: International technology Group Andritz and UPM have signed a preliminary agreement under which Andritz is to supply energy-efficient and environmentally friendly pulp production technologies as well as key process equipment. The final contract will have a mid-triple-digit million euro order value for Andritz and is expected to be booked in Q1 2020. Further details of the agreement will be disclosed after the final contract has been signed, which is expected to happen in the coming weeks.
Andritz: weekly performance: -2.29%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (23/01/2020)

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