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Its durable design is customized for Marine installs, due to the conditions at-sea the equipment will regularly encounter. The enclosure used in Marine applications is robust and weather-resistant. Wednesday is due to be the first day of trading in its shares in Vienna.1 Cerberus PRO Marine Fire and Detection Equipment s FH-2071-UM, BP-62 and USCG-HPLATE Cerberus PRO Fire Safety Products ARCHITECT AND ENGINEER SPECIFICATIONS Marine equipment is used with Cerberus PRO 252-point ( FC922) and 504-point ( FC924) addressable fire alarm control panels (FACPs) Robust design allows for protection of equipment in harsh climates and environments: most parts * used in Marine fire applications have passed salt-spray mist requirements for Exceptional Degree of Protection, per USCG guidelines, including s OH921 OP921 HI921 and Siemens `H -series devices See Pages 4 through 6 of this document for the complete list of orderable parts Physical properties of FH-2071-UM enclosures include: fully gasket-sealed outer door draw latches for secure closure wire-braided, corrosion-resistant vibration isolators one (1) battery bracket which holds two (2) 16AH batteries one (1) AC line EMI filter Battery set ( BP-62) provides back-up, emergency power for Marine-only installations 16AH Standby 24VDC with metal jacket, operable between -40 F / C to 176 F (80 C) comes with two (2) batteries per order USCG-HPLATE is required for Marine applications, in order to reduce radio-frequency interference (RFI) Ordered separately, each faceplate fits over HTRI-series devices Product Overview The Cerberus PRO Marine Fire and Detection Control is an advanced Siemens fire-safety system designed for use with Cerberus PRO 252-point ( FC922) or 504-point ( FC924) addressable FACPs for Marine-specific installs and other harsh-environment applications.
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The free float will be 39.9 percent, provided a greenshoe option is exercised in full, BAWAG said. Unlike larger Austrian lenders Raiffeisen ( > Raiffeisen Bank International AG) and Erste Group ( > Erste Group Bank AG), which have chosen to operate across eastern Europe to tap that region's higher growth potential, BAWAG has turned its back on eastern markets, betting that consolidation in western Europe will provide opportunity. It agreed in July to buy German regional lender Suedwestbank, which it plans to use as a beachhead for further expansion in Germany. The bank has been accumulating capital and is on the lookout for acquisitions. 1., 2021, after which it would operate its own network of branches. One such cost-saving measure has been a deal to share branches with Austrian Post ( > Oesterreichische Post AG), but as part of the IPO BAWAG said it planned to give notice to Austrian Post to bring that deal to an end on Jan. The move brings roughly 1 billion euros into Cerberus's coffers after a decade of discipline in which it has focused BAWAG on its core businesses, slashed costs and set its sights on expansion in German-speaking countries. "We welcome all our new shareholders and look forward to continuing our success story as a publicly listed company," BAWAG Chief Executive Anas Abuzaakouk said in the statement announcing the IPO price.
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GoldenTree Asset Management is reducing its holding to 24 percent from 39 percent.īAWAG itself is not receiving any proceeds from the IPO. It was then sold to Cerberus and other investors for 3.2 billion euros (2.87 billion pounds).īAWAG, Austria's fourth-biggest bank, said on Tuesday the sale of 40.3 percent of the company had been priced at 48 euros a share, at the bottom of the recently narrowed range of 48-49 euros it had previously announced, valuing the company at 4.8 billion euros.Īs part of the initial public offering, Cerberus is relinquishing majority ownership, selling down its 53 percent stake to 32 percent, according to the IPO prospectus. futures trader Refco, one of its affiliates. private equity firm Cerberus Capital Management, have raised 1.9 billion euros in Austria's biggest ever listing, capping a decade-long turnaround.īAWAG had to be bailed out in 2006 when it narrowly escaped a bank run after being sued by creditors of collapsed U.S. VIENNA (Reuters) - Stakeholders in Austria's BAWAG ( > BAWAG P.S.K.), the former trade union bank bought by U.S.