PORR AG to Acquire Fresenius Austrian Business and Subscribe to UBM Hybrid Capital
Construction group PORR AG has agreed to acquire the Austrian project development business and thermal spa holdings of Fresenius/VAMED. The company also intends to subscribe for hybrid capital from UBM.
Vienna-based construction firm PORR AG has announced its intention to acquire the Austrian project development business and thermal spa holdings currently owned by Fresenius SE & Co. KGaA through its subsidiary VAMED. This move signals an expansion of PORR's real estate development and service portfolio.
In parallel, PORR AG plans to subscribe to hybrid capital issued by UBM Development AG. UBM is a significant player in real estate development across Central and Eastern Europe. This financial commitment could strengthen UBM's capital base and support its ongoing projects.
The company also reported changes in its shareholder structure and capital management. Shareholder SuP has sold a portion of its shares, though existing syndicate agreements remain in place. Furthermore, PORR has initiated the sale of treasury shares via an accelerated bookbuilding process, aiming to adjust its capital structure.
PORR AG is one of Europe's leading construction companies, offering comprehensive services from planning and design to execution and property development. The company operates internationally across various construction sectors.