| 2004 News |
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| VCP sells BC stake in top private equity deal |
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| With a market value at the time of the transaction of €388 million, the sale by Vienna Capital Partners (VCP) of its 67.9% stake in Hungarian chemicals producer BorsodChem Rt was the largest private equity deal in the region to date. It took place in September of this year... |
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| 20.12.2004 |
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| Dynamic sales growth at BorsodChem's Czech unit |
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| MCHZ, the Czech subsidiary of Hungarian chemicals group BorsodChem, expects to see a 42% rise in sales to CZK 3.7 billion this year, MCHZ's CEO Alexander Palffy told Interfax news agency. However, the company will see a net profit fall because its bottomline was lifted by extraordinary items in 2003... |
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| 20.12.2004 |
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| Eastern European Stock Sales |
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| Eastern European companies and governments raised a record $5.9 billion from stock sales in 2004, almost triple the amount of new equity sold last year in the region identified with the fastest-growing economies. PKO Bank Polski SA, Poland's largest bank, and Borsodchem Rt., the Kazincbarcika, Hungary-based maker of PVC plastic, were among 39 companies that sold shares from the 10 countries that joined the European Union this year, up from eight in 2003, according to data compiled by Bloomberg... |
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| 20.12.2004 |
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| Interview mit Heinrich Pecina |
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| Heinrich Pecina muses on his 15 years working in banking in central and eastern Europe. "It's a strange thing," he says, "but whenever I have worked for a larger institution in the region, after my departure it has ceased to exist." You could call it the curse of Pecina. He started his banking career working for Girozentrale. After he left it in 1990 it was taken over by Erste Bank... |
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| 17.11.2004 |
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| Everything is possible – interview with Heinrich Pecina (VCP) |
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| The investment in BorsodChem generated a high yield for VCP, but Pecina did not give any specific figure saying that the related calculations have not been finalized yet. VCP wants to keep its remaining BC holding in the medium run. It undertook to observe a look-up period of 6 months which prevents it from selling its BC shares shortly. VCP is satisfied with its investment and expects to profit from the future growth of BC... |
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| 17.11.2004 |
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| Successful closing of the global offering |
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| BorsodChem Rt. (3702 Kazincbarcika, Bolyai tér 1.; hereinafter: "BorsodChem" or the "Company") announces the successful closing of the international secondary offering by VCP Industrie Beteiligungen AG (“VCPI”) and CE Oil & Gas Beteiligung und Verwaltung AG (“CEOG”) of ordinary shares in the Company (“Ordinary Shares”), in the form of ordinary shares and global depositary receipts (“GDRs”) (the "Global Offering"). The final details of the Global Offering are as follows... |
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| 07.10.2004 |
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| VCP Energy invests in Italian renewable energy generation |
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| VCP Energy Holding, a subsidiary of Vienna Capital Partners Unternehmensberatungs AG, Central Europe’s leading private equity investor, has signed an agreement to establish Energeen S.p.A, a wind energy service and development company, together with prominent Italian partners... |
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| 05.10.2004 |
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| Vienna Capital Sells $443 Million Stake in Borsodchem |
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| Vienna Capital Partners, an Austrian investment company, sold a stake in Hungary's BorsodChem Rt., Eastern Europe's largest maker of PVC plastic, in the biggest-ever share sale by a private investor in the region. VCP raised 88 billion forint ($443 million), or 1,850 forint a share, selling 63 percent of Borsodchem and cutting its stake to 29 percent, the Hungarian company said in an e-mailed statement. The shares were offered for between 1,775 forint and 2,075 forint. |
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| 04.10.2004 |
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| BorsodChem to become blue chip again as VCP sells 62.6% stake for USD 443 million |
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| Chemical producer BorsodChem Rt (BC) announced on Friday the successful pricing of the international secondary offering by its majority shareholders VCP Industrie Beteiligungen AG and CE Oil & Gas Beteiligung und Verwaltung AG of BC ordinary shares and global depositary receipts to institutional investors... |
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| 04.10.2004 |
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| Wiener VCP schreibt Börsengeschichte |
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| Die Wiener Investmentfirma VCP hat mit dem Teilverkauf des ungarischen Chemieriesen BorsodChem über die Budapester Börse 358 Millionen Euro erlöst. Die "Vienna Capital Partners" (VCP) rund um Heinrich Pecina gehen in die Geschichte der Budapester Börse ein. Die Wiener haben gestern um 358 Millionen Euro insgesamt 62,6 Prozent an dem ungarischen Chemieriesen BorsodChem über die Budapester Börse verkauft... |
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| 04.10.2004 |
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| Aktienplatzierung von BorsodChem wird Erfolg |
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| Der ungarische Chemieriese BorsodChem, an dem die Investmentgesellschaft VCP auch nach dem Teilausstieg beteiligt bleibt, ist hochprofitabel. Im ersten Halbjahr 2004 konnte der Konzern den Umsatz um 7,8 Prozent auf 293 Millionen Euro steigern... |
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| 04.10.2004 |
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| BorsodChem Announces Offer Price of HUF 1,850 per Ordinary Share and USD 9.28 per Global Depositary Receipt |
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| BorsodChem Rt. ("BorsodChem" or the "Company"), the largest PVC manufacturer in Central and Eastern Europe (“CEE”), the only manufacturer of MDI in CEE, a leading producer of TDI in CEE, and one of the largest listed companies in Hungary, today announces the successful pricing of the international secondary offering by VCP Industrie Beteiligungen AG (“VCPI”) and CE Oil & Gas Beteiligung und Verwaltung AG (“CEOG”) of ordinary shares in the Company (“Ordinary Shares”), in the form of ordinary shares and global depositary receipts (“GDRs”), to institutional investors (the "Global Offering")... |
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| 01.10.2004 |
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| High interest in BorsodChem |
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| The [BorsodChem] transaction will be concluded by the end of September – and reportedly there is significant interest in the company’s secondary offering... |
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| 27.09.2004 |
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| VCP launches BorsodChem sale |
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| Both the transaction itself and its price level seem to be realistic. The deal was invited for selling 67.9% of BC’s issued share capital, which will reduce the holding of VCP to a level reassuring for investors. The author of the article considers this a very positive development... |
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| 20.09.2004 |
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| International secondary offering and international roadshow commence |
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| BorsodChem Rt ("BorsodChem" or the "Company"), the largest PVC manufacturer in Central and Eastern Europe, the only manufacturer of MDI in the region and a leading producer of TDI in the region and one of the largest listed companies in Hungary, announces that VCP Capital Partners Unternehmensberatungs AG, through its subsidiaries CE Oil & Gas Beteiligung und Verwaltung AG ("CEOG") and VCP Industrie Beteiligungen AG ("VCPI")... |
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| 16.09.2004 |
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| Mag. Basalka leaving VCP |
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| Ing. Mag. Markus Basalka, partner with VCP, will leave the company on Aug. 31, 2004, and become a managing director of Polskigaz Holding, Warsaw - one of the leading Polish enterprises in the LPG industry. |
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| 16.09.2004 |
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| Dioki added to VCP’s chemical portfolio |
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| Vienna Capital Partners (VCP) announces that with the acquisition of a 25% stake in Croatian petrochemical company Dioki d.d. it has extended its portfolio of petrochemical investments, which now includes BorsodChem, TVK and Dioki. VCP’s subsidiary CE Oil & Gas Trading AG acquired a 25% stake from the Croatian Privatisation Fund (HFP) at the end of June 2004... |
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| 15.07.2004 |
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| CE Oil & Gas Trading AG, a subsidiary of VCP Capital Partners, has acquired a 25 % stake in Dioki d.d. |
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| "CE Oil & Gas Trading AG, a subsidiary of VCP Capital Partners, has acquired a 25 % stake in the petrochemical company Dioki d.d. from the Croatian Privatisation Fund... |
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| 24.06.2004 |
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| BorsodChem expects to repeat last year's result, CEO says |
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| CEO ofchemicals company BorsodChem Laszlo F. Kovacs presented the Tuesday AGM the business plan for 2004, which outlines a monthly operating profit of HUF 1bn and EBITDA matching last year's HUF 20bn. "As a whole, we expect BorsodChem to repeat its results of last year," Mr Kovacs said, adding that Q1 figures make this well possible... |
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| 28.04.2004 |
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