Vienna, 17 December 2014 – It is now confirmed – as of 22 December 2014 PORR AG will be listed in the Prime Market, the top segment of the Vienna Stock Exchange. Approval was granted yesterday by the Management Board of the Vienna Stock Exchange. This marks an-other step in PORR’s consistent implementation of its capital market strategy.
“Almost two years ago we initiated our capital market opening by moving from the Standard Auction Market to the Standard Market Continuous of the Vienna Stock Exchange”, Karl-Heinz Strauss, CEO of PORR AG, commented on the path to the top segment. “Today PORR meets the most stringent transparency requirements and has made a clear commitment to the Austrian Code of Corporate Governance. The move to the Prime Market is an-other crucial milestone for us in two regards – we are increasing the visibility of our shares on the capital market at the same time as making the shares more attractive to national and international investors”, explained Strauss on the motivation for this step. PORR thereby concludes an extremely successful 2014 on the capital market.
About PORR
The PORR Group is Austria’s largest construction group and a European leader, employing over 12,000 staff and generating production output of around EUR 3.4 bn (2013). With numerous sites in the home markets of Austria, Germany, Switzerland, Poland and the Czech Republic, along with its international project market in Qatar, PORR realises trailblazing construction projects – from residential construction through to complex infrastructure projects across every sector of the construction industry.
Press release
PORR moves to Prime Market of Vienna Stock Exchange
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