2Semana·

Haselsteiner cashes in on Strabag, share falls

StRaBaG

The Haselsteiner family wants to sell 1.7 percent of Strabag. The stock market does not like this.

Strabag's founding family Haselsteiner wants to sell around 1.7 percent of the Strabag construction group. That is around two million shares or a stake of 151 million euros (as per the closing price on Tuesday), as the news agency Bloomberg wrote on Tuesday evening.

Now the share is reacting. And not exactly well. On Wednesday morning, the share fell by 12.2 percent to around 66 euros. In contrast, the leading ATX index was only around 0.19 percent lower.

By yesterday, the share price had already risen by around 90 percent since the beginning of the year. After the price drop on Wednesday, the increase was still around 65 percent. The Haselsteiner family, Strabag's largest shareholder, would reduce its stake to 29 percent with the sale.

5 Comentários

Leo@31415

2Semana

the Group was not founded by the Haselsteiner family. The company was taken over shortly before it went bankrupt and built up to what it is today.

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Smudo@Smudeo

2Semana

@banana_rama The syndicate - which runs until 2032 - between Haselsteiner and Raiffeisen/Uniqa (holds 31.9 percent) is therefore not affected and remains unaffected by the sale of the shares, IR boss Marco (Reiter) tells me. Remember, the capital increase served to reduce the stake of the former syndicate partner MKAO Rasperia Trading of Russian oligarch Oleg (Deripaska) from 27.8 to 24.1 percent (stake is still frozen) because the latter was not allowed to participate.

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TomTurboInvest@TomTurboInvest

2Semana

I would also cash in on the upward breakout 😅

The infrastructure package in Germany plus the potential peace in Ukraine certainly acted as a booster, although I think the reaction was a bit exaggerated. Perhaps it will rebound again, in which case it would be worth getting back in for me, and certainly for the Haselsteiners too 🙄

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Smudo@Smudeo

2Semana

@TomTurboInvest You already cashed in a few weeks ago at Strabag

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TomTurboInvest@TomTurboInvest

2Semana

@Smudeo Yes, in retrospect too early😥, but as a swing trader you shouldn't cry about it, my target price was reached and the money has already moved into other "also good" positions...

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