Wires

Porr CEO to make takeover offer for company

VIENNA, Oct 10 (Reuters) - The chief executive of Austrianconstruction group Porr will make a full takeoveroffer for the company after increasing his stake to 44 percentthrough the acquisition of shares from a UniCredit Bank Austria

foundation.

The public offer by Karl-Heinz Strauss's investment companyshould close by the end of October, Porr said late on Tuesday,without giving details of the offer.

Strauss had originally wanted to buy the 44 percent stakewithout offering to buy the rest of the company but Austria'stakeover commission decided he was obliged to make the fulltakeover offer.

(Reporting by Georgina Prodhan; Editing by David Cowell)

((georgina.prodhan@thomsonreuters.com)(+431 5311 2256)(ReutersMessaging: georgina.prodhan.thomsonreuters.com@reuters.net))

Keywords: PORR TAKEOVER/