Strengthening the capital market profile
IGO Industries Group sells PORR shares
Vienna, / Business activities / Press Release
The IGO Industries Group sold 4.0% of syndicated shares. The existence of the syndicate, the control structure and IGO Industries’ commitment to the further development of PORR and the company’s strategic direction remain unaffected by this transaction.
Factbox
- PORR’s free float rises to 56.6%
- IGO Industries Group sold 4.0% of PORR shares
- The syndicate’s stake of IGO Industries and Strauss Group falls to 43.4%
- The syndicate and control structure remain unchanged
PORR CEO Karl-Heinz Strauss says: “The capital market views an increased free float and the resulting broader investor base positively. They strengthen the liquidity in our stock, increase our international visibility, and thereby also enhance our attraction to investors.”
Overall, PORR’s free float (including PORR Management shares) stands at 56.6% following the transfer of shares (previously: 52.6%).
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