Austria-based oil and gas company OMV has agreed to sell its 51% stake in Gas Connect Austria to VERBUND, an Austrian electricity company, for EUR 271 million. In addition to the consideration, VERBUND will assume the outstanding liabilities of Gas Connect Austria to OMV on the closing date in 2021. As per the terms of […]
Pharma giant Merck has wrapped up its previously announced acquisition of Austrian vaccine developer Themis Bioscience. The Austrian company is focused on developing vaccines and immune-modulation therapies for infectious diseases and cancer. Merck announced the deal last month in a move to gain access to Themis Bioscience’s coronavirus vaccine candidate. Read more about Merck acquisition […]
French insurance giant AXA has signed a deal to divest its Poland, Czech Republic, and Slovakia businesses to UNIQA Insurance Group, an Austrian insurance company, as per the latest insurance acquisition news. As per the deal terms, AXA will offload 100% of its life and savings, property and casualty and pension businesses in Central and […]
Eastern Property Holdings has entered into a share purchase agreement to acquire an under-construction office and retail complexes Quartier Belvedere Central (QBC) 1 & 2 as well as the parking garage QBC 7 for approximately €230 million. Located at Am Belvedere 10, 1100 Vienna, Austria, the office properties with over 38,000m2 of gross leasable space […]
Austrian medical technology manufacturer Greiner Bio-One has launched the newly redesigned MiniCollect K2EDTA Capillary Collection Tube, designed for collecting, transporting and evaluating capillary blood samples. The newly redesigned tube has an integrated scoop which allows easy collection of droplets of blood after skin puncture, thus cutting down on the number of accessories needed. When the […]
German pharmaceutical powerhouse Boehringer Ingelheim has acquired Austria-based oncolytic virus developer ViraTherapeutics for €210 million, cementing its strategic pursuit of innovative, viral-based cancer immunotherapy solutions. This acquisition, rooted in a long-standing partnership established in 2016, aims to propel the development of cutting-edge oncolytic virus therapies, particularly targeting “cold” tumors that have shown resistance to traditional […]
Hungarian nuclear power plant controversy : Austria has sued the European Commission for its approval of Hungary’s expansion of the Paks nuclear power plant, in line with a threat it had issued last month. Vienna, which has been strongly advocating against the use of nuclear energy for several decades, has gone ahead with a lawsuit […]