Handel: Ausverkauf geht weiter

Article Abstract:

Subject to the approval of the cartel authorities, the German trade giant Rewe of Cologne is to take over the supermarket division of the family-owned Austrian trade group Julius Meinl in a deal backdated to the beginning of 1998. Rewe, which acquired another Austrian supermarket chain Billa two years ago and holds 32.5% of the Austrian market, takes over 343 outlets of Meinl, which has a 6.9% market share. In 1997 the Meinl division which operates Meinl, Pam-Pam and J supermarkets, made a loss of about Sch 89mn on a gross turnover of about Sch 10bn. The deal will raise Rewe's food retail trade turnover in Austria to about DM 10bn. The outlets bought from Meinl will be renamed Billa, Bipa and Merkur stores. The deal does not include Julius Meinl Industrie, a producer of coffee, marmalade and meat; Julius Meinl Europa, which is to set up gourmet stores in other European cities beside the Vienna one; Julius Meinl International which operates supermarkets in eastern Europe and produces coffee in eastern Europe and Italy; Meinl Bank; and the real property division Julius Meinl Immobilien. Austria's economics minister Johann Farnleitner wants to prevent the takeover, after German groups already control also Adeg (12.8% market share), L wa (5.1%) and Hofer. Spar remains the second-largest supermarket chain in Austria, with a market share of 27.1%.

Comment:

Is to take over the supermarket div of family-owned trade group Julius Meinl in a deal backdated to the beginning of 1998

Asset sales & divestitures, Acquisitions & mergers, Facilities & equipment, Grocery Stores, Supermarkets and Other Grocery (except Convenience) Stores, Supermarkets, Julius Meinl AG, REWE-Handelsgesellschaft Leibrand OHG

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Pre burg will Autoindustrie weiter kr ftig ausbauen

Article Abstract:

By 2010, Slovakia is aiming at an annual production of 350,000 passenger cars, 3,000 lorries and 500 buses. In addition, car components would be produced for Sk 100bn per year. According to Jozef Cernak from the Slovakian office for foreign investment and development (Snazir), Volkswagen is planning to set up a second factory in central Slovakia. In the existing VW factory in Bratislava, 120,000 cars and 320,000 gear sets are to be manufactured in 1998. In addition, the Slovak government is said to be in negotiations with Japanese car manufacturers, especially Toyota. The results of the negotiations are expected to be announced in the autumn of 1998.

Comment:

Slovakia: Aims at annual production of 350,000 passenger cars, 3,000 lorries & 500 buses by year 2010

Trucks, Motor Vehicle Manufacturing, Production data, Automobiles, Automobile Manufacturing, Slovakia, Buses, Heavy Duty Truck Manufacturing, Buses (Transportation)

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AT&S will weiter ausbauen

Article Abstract:

Austrian printed circuit board producer AT&S, which belongs to Androsch group, is to invest a total of Sch 620mn by autumn 1998. Sch 425mn alone will be spent on the research and development centre in Leoben-Hinterberg. Also production capacity is to be increased. Altogether 250 new jobs are to be created. In fiscal year 1997/8 (ended 31 Mar) AT&S AG achieved a record turnover of Sch 2.05bn (up from Sch 1.58bn) and almost doubled operating profit before interest and taxes to Sch 181mn. Net profit for the year rose from Sch 8mn to Sch 172mn.

Comment:

Austrian printed circuit board producer, which belongs to Androsch group, is to invest a total of Sch620 mil by autumn 1998

Capital expenditures, Printed Circuit Assembly (Electronic Assembly) Manufacturing, Printed Circuit Boards, AT and S Austria

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