Austro-Titel: Wer ist Übernahmekandidat, Herr Neuhold?

BE fragte Thomas Neuhold nach Austro-Übernahmekandidaten, die Kandidaten der UniCredit anbei in tabellarischer Form:

WIE AV	Wienerberger is the leading brick  manufacturer in Europe	low (<10%)	Wienerberger was considered the perfect M&A target a couple of years ago: high free float, strong market position, strong free cash flows; currently we regard the probability for a takeover as low due to the negative sector evironment and sentiment
ICLL AV	Intercell is a biotech company	very low (<5%)	Intercell is one of the few listed independent biotech companies. M&A activity in the sector has been strong, but we consider a takever of Intercell as not very likely as the company has already entered several partnerships for ist key products with major industry players which make the company less attractive for a potential buyer.
TKA AV	Telekom Austria is the leading telecom provider in Austria	very low (<5%)	Telekom Austria was in merger talks with Swisscom and OTE several years ago. However, due to political reasons (the state is still the majority owner) a deal never materialised. Also currently we regard a takeover or merger as highly unlikely.
IIA AV	Immofinanz is one of the biggest real estate companies in Europe	very low (<5%)	Immofinanz is still traded at a high discount to its NAV following its restructuring. The company offers a great opportunity to buy a strong real estate portfolio in Central Europe at a discount price. However, given its size and negative sector sentiment we regard a takeover attempt as rather unlikely at the moment.
RHI AV	RHI is a leading refractoring company	low (<10%)	There have been rumors in the press about a potential takeover of RHI. However, at the current price levels a takeover is highly unlikely

Relevante Links: Wienerberger AG