Bloomberg News

Strabag Soars After Builder Fixes Buy-Back Plan: Vienna Mover

July 06, 2012

Strabag SE (STR), central Europe’s biggest builder, rose the most since August after the company said it would buy back as much as 10 percent of its shares over the next year.

Strabag rose 6.9 percent to 19.625 euros at the 5:30 p.m. close of trading in Vienna. The company will purchase as many as 11.4 million of its own shares for as much as 27.115 euros each by July 10, 2013, the company said today in a statement.

To contact the reporter on this story: Jonathan Tirone in Vienna at jtirone@bloomberg.net

To contact the editor responsible for this story: Zoe Schneeweiss at zschneeweiss@bloomberg.net


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