Reuters
Austrian regional bank boosts stake in AMAG
Edited by : AL CIRCLE
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Raiffeisenlandesbank Oberoesterreich has increased its voting stake in Austrian aluminium group AMAG to 16.4 percent by acquiring an extra 4.7 percent stake.
The regional bank signed an agreement on March 19 to acquire the extra shares, AMAG said on Tuesday.
The move had been expected as main owner CP Group 3, a joint venture between One Equity Partner and Constantia Packaging, divests its AMAG stake.
The regional bank signed an agreement on March 19 to acquire the extra shares, AMAG said on Tuesday.
The move had been expected as main owner CP Group 3, a joint venture between One Equity Partner and Constantia Packaging, divests its AMAG stake.
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