German lighting group Osram advised its shareholders on Monday to accept a 4.3 billion euro ($4.8 billion) takeover bid from AMS and sell their shares to the Austrian sensor specialist, saying the offer was economically attractive.
Rene Benko's Signa Holding has
raised 700 million euros in fresh funds from existing investors
and is planning a 500 million euro capital increase to give it
liquidity reserves of more than 1 billion euros ($1.1 billion)
for future acquisitions.
A Turkish court on Wednesday acquitted an Austrian student, activist and journalist of terrorism charges and lifted his travel ban, according to his lawyer, who called his detainment last year "unjust and unlawful."
Wörthersee Football Stadium in Klagenfurt, Austria, has been transformed into a forest by Swiss artist Klaus Littmann. Around 300 trees, some weighing up to six tons each, were transplanted to the stadium.
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