had owned 4.54m shares or around 20.3% in Polytec via PT Automotive Consulting and HC Holding & Consulting.
According to a report of Oberoesterreichische Nachrichten, some 16% in the company have been pledged against a EUR 31 million (USD 42.5m) loan received from RLB OOe
Kathy King of the OOE says these centers will help form a template for the department to create telecommuting instructional kits for other areas.
Telecommuting will enhance efforts of the OOE and FHA to conserve energy relieve congestion and improve air quality by decreasing auto travel.
RLB OOe's total assets grew by 8.1% to EUR 29.4 billion in 2009.
The entire group, which apart from RLB OOe consists of 99 regional Raiffeisen banks and Privat Bank AG, increased its total assets by 7.5% to EUR 47.2 billion.
In concrete terms, RLB OOe will subscribe for 5% plus one share during the IPO.
Ludwig Scharinger, CEO of RLB OOe, attributed the investment decision to the importance of AMAG for the region.Country: , AustriaSector: Metals/MiningTarget: Austria Metall AG (AMAG)Buyer: Raiffeisenlandesbank Oberoesterreich AG (RLB OOe)Type: StakebuildingStatus: Agreed
holds the Polytec stake PT Automotiv Consulting GmbH.
Austrian fibre maker Lenzing AG (WBAG:LNZ) has taken over Czech cellulose producer Biocel Paskov after the anti-trust authorities approved the transaction, Raiffeisenlandesbank Oberoesterreich (RLB OOe), which arranged the financing of the deal, said yesterday.
Financing was provided by a bank consortium including RLB OOe, RZB, BAWAG, Oberbank, Sparkasse Oberoesterreich and Hypo Landesbank Vorarlberg.
(ADPnews) - Sep 11, 2009 - Austrian lender Raiffeisenlandesbank Oberoesterreich (RLB OOe
) acquired a 20.34% stake in local car components maker Polytec Holding AG (WBAG:PYT), the latter said on Friday.