PORR increases free float to 52.6% following share sale by SuP Beteiligungs GmbH

PORR has announced a further increase in its free float to 52.6%, following the sale of 1,175,000 shares by SuP Beteiligungs GmbH. The move comes shortly after PORR successfully placed 1,703,674 treasury shares via an accelerated private placement earlier this week.

SuP Beteiligungs GmbH, a company linked to CEO Karl-Heinz Strauss, confirmed the sale of shares amounting to approximately 2.99% of PORR’s total share capital. As a result, SuP’s individual shareholding has declined to around 11.4%, and the combined stake of the syndicate formed by the main shareholders IGO Industries Group and the Strauss Group has been reduced from 50.4% to approximately 47.4%.

PORR stated that the syndicate agreement between the two principal shareholders remains unchanged.

According to the company, the share placement attracted strong interest from international investors. CEO Karl-Heinz Strauss noted that the timing of the sale was intended to enhance liquidity and improve the stock’s visibility in capital markets. The increase in free float is also expected to support the stock’s eligibility for inclusion in the Austrian blue chip index ATX.

Following the transaction, PORR’s total free float—counting shares held by PORR Management—has risen from 49.6% to 52.6%.