International technology Group ANDRITZ (ADRZF.PK) based in Graz, Austria, said it has signed an agreement with Schuler-Beteiligungen GmbH to acquire the entire 38.5% interest held by Schuler-Beteiligungen in publicly listed Schuler AG. The price per share amounts to 20 euros in cash.
ANDRITZ noted that it has a net cash position of approximately 1.3 billion euros as of the end of March 2012 and is thus able to acquire Schuler out of its own financial resources.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.