Image: (APA)
After 40 years, Ottakringer is turning its back on the Vienna Stock Exchange. The company announced on Tuesday afternoon that a so-called delisting is being sought. “It is not easy for us to say goodbye to the stock exchange, but it is a logical step,” says Christiane Wenckheim, member of the Ottakringer Holding Board of Management. Only around 3 percent of the shares are in free float, and there is hardly any trading. Costs and regulatory effort would, however, arise.
“This decision has no influence whatsoever on the majority and control relationships or the future orientation of the group of companies,” emphasized the manager. “The company is an Austrian family business and should continue to focus on clear family values.”
In addition to the beer of the same name, the Ottakringer Group also includes, for example, Vöslauer mineral water and a drinks trade. The company’s shares – common and preferred – are listed on the Vienna Stock Exchange in the standard market auction. A delisting offer will be made to common and preferred shareholders.
Source: Nachrichten
