21st Austria weekly - Vienna Insurance Group, OMV, Pierer Mobility (20/01/2021)

Pierer Mobility:  The management board of Pierer Mobility with its brands KTM, Husqvarna etc. decided to sell all treasury shares to selected institutional investors or strategic partners in order to further increase the free float, improve trading liquidity and expand the shareholder base. The company holds 193,340 treasury shares; this corresponds to approximately 0.86% of the share capital. Currently, the free float amounts to just below 34%.
Pierer Mobility AG: weekly performance: -3.62%

Vienna Insurance Group: In line with the Group's long-term capital planning and based on the current interest rate situation, the Managing Board initiated the issuance of a senior sustainability bond at its meeting today. The focus is on expanding investments in socially and ecologically sustainable projects. Depending on market conditions, the senior sustainability bond with a volume of Euro 500 mn is to be issued in the first half of 2021. In view of the available capacities and taking advantage of the currently favourable environment, the issuance of a subordinated restricted tier 1 bond with a total volume of Euro 300 mn got also initiated. This instrument will be fully subscribed by VIG's main shareholder, Wiener Städtische Versicherungsverein.
VIG: weekly performance: -2.73%

OMV: OMV, the integrated, international oil, gas and petrochemicals company headquartered in Vienna, is expanding and modernizing its cracker units and petrochemical cold section at its Burghausen Refinery in Germany. The measures aim to increase the site’s ethylene and propylene production capacity. Following the planned turnaround of the refinery, the upgraded units are expected to go live in the third quarter of 2022, whereby the initial groundwork is already underway. “By expanding the cracker, OMV is consistently delivering on its petrochemical strategy for a future-proof refinery. This goes hand in hand with the growth in the chemical industry and serves as a response to increasing customer demand. At the same time, this Euro 40 mn investment will provide key economic stimulus for the region and for OMV’s Burghausen site”, says Thomas Gangl, OMV Chief Downstream Operations Officer. 
OMV: weekly performance: -0.76%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (20/01/2021)

Christian Drastil: Wiener Börse Plausch

Wiener Börse Party #648: AT&S neue Chancen, but why Friday? 4x High: Addiko Bank, Do&Co, ATX TR, Rosgix

Bildnachweis

1. Verbund übernimmt Gas Connect-Anteil von OMV, im Bild: Leitungsknoten in Baumgarten, Credit: Gas Connect

Aktien auf dem Radar:FACC, Österreichische Post, Austriacard Holdings AG, Flughafen Wien, S Immo, Semperit, OMV, ATX Prime, ATX TR, Addiko Bank, Verbund, DO&CO, ATX, Cleen Energy, Gurktaler AG VZ, Kapsch TrafficCom, Lenzing, SW Umwelttechnik, RHI Magnesita, Oberbank AG Stamm, Agrana, Amag, CA Immo, Erste Group, EVN, Immofinanz, Telekom Austria, Uniqa, VIG, Wienerberger.

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