The Haselsteiner family sells 1.7 percent of Strabag shares-course is collapsing!
The Haselsteiner family sells 1.7 percent of Strabag shares-course is collapsing!
Wien, Österreich - In a surprising turn, the Haselsteiner family of the founder announced its plan on March 18, 2025 to sell around 1.7 percent of its share at the Strabag construction group. This sale comprises about two million shares and will be launched on Wednesday. According to estimates by the Bloomberg news agency, the value of these shares corresponds to around 151 million euros, based on the closing course on Tuesday. This will reduce the proportion of Haselsteiners to Strabag from 30.7 percent to 29 percent, while they will still remain the company's largest shareholder, as the
The reaction of the market to news was violent: the course of the Strabag share collapsed by 12.2 percent on Wednesday morning and fell to around 66 euros. The stock had previously recorded an impressive increase of around 90 percent since the beginning of the year. Despite the decline, however, the course remains about 65 percent higher than at the beginning of the year, since the general market development for ATX, the Austrian stock index, showed only a slight decline of around 0.19 percent. These dramatic changes illustrate the nervousness of the investors in view of the upcoming sale, such as Noted share prices fall drastically
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Ort | Wien, Österreich |
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