Turkish construction company Renaissance has increased its interest in Austria’s third-biggest building company. Porr AG announced today (Thurs) that its cooperation partner acquired an additional 5,700 shares. This purchase means Renaissance now holds 10.07 per cent in the Vienna-based company. Construction businessman Karl Heinz Strauss – who succeeded Wolfgang Hesoun as executive chief of Porr […]
Porr AG chairman Karl-Heinz Strauss has said the construction firm may stop operating in Hungary.The Hungarian government has criticised the quality of a motorway recently built by the Viennese company. Strauss pointed out today (Tues) that the problems were “of political nature”.The businessman said: “We may have to withdraw from Hungary. I think (the situation […]
Struggling Federal Railways (ÖBB) is facing more trouble as Italian officials want to ban its trains from stopping in all but their final destinations.Italys railway regulator URSF announced yesterday (Thurs) the EuroCity trains of ÖBB and Germanys Deutsche Bahn (DB) will not be allowed to halt at any stations expect their final stops in the […]