Today, 221.5 million new shares of Telekom Austria started trading on the prime market of the Vienna Stock Exchange. Out of this total, 25.5 million shares are held in free float. The Austrian telecommunications company, which has been listed for 14 years, raised around EUR 1 billion in fresh capital in this transaction. The company carried out this year's second-largest capital increase and is also the fifth company to tap the market for fresh capital through the Vienna Stock Exchange in 2014. Austrian listed companies (Raiffeisen Bank International, PORR, FACC, BKS Bank and Telekom Austria) have raised a total of around EUR 4 billion in equity in 2014 – the largest volume since 2007.
Birgit Kuras, member of the Management Board of Wiener Börse AG is delighted with the lively capital inflows and has an optimistic outlook: "Using the stock market to raise funds will become much more important considering the future regulatory environment. Equity capital has no expiry date and is indispensable for a healthy capital structure."
FTSE Mondo Visione Exchanges Index:
Telekom Austria: New Shares Start Trading On Vienna Stock Exchange Today
Date 27/11/2014