In some cases the tug-of-war lasted weeks, in other cases it lasted months and in Oberbank even years! Following the end of the legal dispute with UniCredit, peace has returned to the Linz-based financial institution. Lenzing and Rosenbauer can also breathe easy after making groundbreaking decisions. Here you can read what price has been set and how much money is being spent on shares.
Fears that a foreign investor will be involved have been put to rest and the constant simmering in the rumor mill has been put to rest – with the conclusion of the deal that Robau and with it KTM owner Stefan Pierer, Red Bull heir Mark Mateschitz and two companies of Raiffeisenlandesbank Oberösterreich By acquiring 3.4 million new shares in Rosenbauer and thus acquiring a third of the fire service supplier, the company is freed from Leonding.
After the equity ratio fell within a critical range, the banks demanded that new capital be raised. This has been achieved with the 119 million euros that will flow from the deal with Pierer, Mateschitz and Raiffeisen.
The family business remains an important core shareholder
The prize: The shareholders of the Rosenbauer family will lose their majority, but remain an important core shareholder, it is said. The management around boss Sebastian Wolf is enthusiastic about the “extensive industrial knowledge and experience in managing global supply chains”. The order books are full anyway. Now the rule is: full speed ahead!
A few days earlier, clarity had already emerged at Lenzing: after the previous majority shareholder B&C announced that it would sell shares, it was clear that the world’s largest pulp company Suzano would initially acquire 15% of it. Costs: 230 million euros.
At the end of 2028, the new shareholder from Brazil will increase its share in the fiber producer to 30 percent. “The constellation is a victory,” says CEO Stephan Sielaff happily. The location in Lenzing must be secured in the long term.
After more than five years of litigation, Oberbank also breathed a sigh of relief: UniCredit had applied for a takeover procedure, but was rejected. On Monday, UniCredit withdrew all outstanding lawsuits. “Maintaining Oberbank’s independence was my most important professional goal in life,” says Managing Director Franz Gasselsberger enthusiastically.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
