PORR has successfully completed the sale of 1,703,674 of its own shares through an accelerated private placement to international institutional investors. The sale, representing approximately 4.3% of the company’s share capital, generated gross proceeds of €45.1 million at a price of €26.50 per share. Completion of the transaction is expected on 20 June 2025. The proceeds will be used to support PORR’s strategic focus on expanding its infrastructure business across Europe, particularly in Germany, Poland, and the CEE region. With the additional capital, the company aims to position itself to benefit from the surge in demand anticipated from ongoing government infrastructure programmes in these markets. The sale increases PORR’s free float (excluding management-held shares) from 42.9% to 47.3%. CEO Karl-Heinz Strauss noted that the broader international investor base and improved capital structure enhance the company’s growth prospects. He also highlighted that increased liquidity could strengthen PORR’s potential for inclusion in Austria’s leading stock index, the ATX. “This step secures the capital needed for further infrastructure expansion in our core markets,” said Strauss. “It also supports the long-term attractiveness of our shares for institutional investors by increasing trading volume and visibility.” Berenberg, Jefferies, and Raiffeisen Bank International acted as joint global coordinators and joint bookrunners for the placement. Lilja & Co. served as independent capital markets advisor to PORR. Photo: Klemens Eiter, Karl-Heinz Strauss, Josef-Dieter Deix and Claude-Patrick Jeutter - PORR Photo: © Astrid Knie