Up to 31,500,000 shares (plus a Greenshoe of 2,800,000) of Oeterreichische Post AG (Post), the leading Austrian mail service provider, will be available in an initial public offering (IPO), according to BA-CA.
Through this IPO, up to 49% of Post will be privatized. Currently it is 100% owned by OeIAG, the Austrian state holding company. The subscription period ends on May 29, 2006.
Therefore this IPO has a potential volume of EUR 651 million. Post will be listed in the Prime Market segment of the Vienna Stock Exchange. May 31, 2006 is scheduled as the first day of trading for this security.
sterreichische Post AG was founded on March 3, 1999, as a subsidiary of Post and Telekom Austria. Its core business activities are provision of postal and parcel services as well as handling of financial business in cooperation with partner BAWAG-PSK.