Ronny Pecik

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Ronny Ljubomir Pecik (born March 4, 1962 in Varaždin , Croatia ) is an Austrian investor of Croatian origin.

Origin and youth

Ljubomir Pecik came to Austria with his parents as a four-year-old guest worker . He attended elementary school and secondary school here . After the 4th grade of high school, he dropped out of school and began a technical college as a high- voltage electrician at Bombardier Vienna Rail Vehicles . Pecik left home at the age of 17 and completed his apprenticeship at Bombardier in 1982.

Career as a bank clerk

At the age of 19 he did an IT training at IBM Austria and got a job at the Länderbank . From 1989 to 1992 Pecik was an options trader at Bank Austria . Due to his interest in the capital market, he became a member of a project team that was involved in setting up the ÖTOB (Austrian futures and options exchange ). In 1992 Ronny Pecik moved to the asset management of Bank Austria, where he built up a customer base and managed around two billion schillings (145.3 million euros). After three years, he left the bank and switched to Grazer Wechselseiten , where he was also responsible for asset management. In 1997 he came to Raiffeisen-Bezirksbank Wolfsberg (RBB), for which he set up a branch in Vienna and took over the management. In 2000, Ronny Pecik and partners took over M&A PrivatBank AG , where he was first a member of the board and later a member of the supervisory board.

Investor career

Ronny Pecik and his partners began to invest themselves after the dot-com bubble in 2000 and together bought 27% of the stainless steel manufacturer Böhler-Uddeholm , which he then sold for a profit. He later found a new partner in Mirko Kovats and in April 2003 acquired 19.5% of the plant engineering company VA Tech , which he sold to Siemens AG in January 2004 for a profit of 70 million euros .

Ronny Pecik founded A-Tec Industries with Mirko Kovats , which he successfully floated on the stock exchange in 2006. Then in 2005 the two of them took over the majority of shares in the Swiss technology group OC Oerlikon (formerly Unaxis AG ) through the investment company VICTORY Industriebeteiligung AG . In 2006, however, there was a separation between the conservative Mirko Kovats and the more open-minded Ronny Pecik, because they had too different character traits and different strategic views. In 2006, Pecik took over 100% of Saurer AG , the largest textile machine manufacturer in Switzerland, which is also active in the automotive sector, with OC Oerlikon . Pecik prevented the group from being broken up by hedge funds . Saurer was then fully integrated into OC Oerlikon .

At the beginning of January 2007, Pecik also took over 20.5% of the Swiss telecommunications company Ascom via his company VICTORY and 17.5% of the industrial group Sulzer AG via the investment company Everest , with the support of his partner, the Russian oligarch Viktor Vekselberg .

Some Swiss politicians criticize the investment strategy of Pecik and its partners because they assume that they only want to achieve short-term profits and are not seen as long-term strategic partners. Companies targeted by hostile takeovers also criticized Pecik's actions. Pecik and its partners were accused of having carried out these acquisitions in violation of Swiss reporting requirements. This led to a change in the law in the Swiss parliament in May 2007 , which tightened the reporting requirements for participations. Ronny Pecik and his partners were acquitted after a lengthy procedure in 2010, and the second procedure on the part of the authorities was also discontinued.

Finally, in May 2007, Pecik withdrew from its stake in Ascom because there were too big differences with the Chairman of the Board of Directors, Juhani Anttila. Zürcher Kantonalbank took over his shares . In May 2007 he also sold his 6.5% stake in A-TEC to Deutsche Bank for around 70 million euros.

Other companies in which Pecik has a stake include the Saurer Textil Group and the Stuttgart technology company M + W Zander . He held shares in the Austrian-Slovakian airline SkyEurope , the Swiss financial services provider Zurich Financial Services , Swiss Re and was also involved in the Swiss cement manufacturer Holcim , Georg Fischer AG and the industrial holding company Rieter .

In June 2012, Pecik sold its 20% stake in Telekom Austria AG to the Mexican telecommunications company América Móvil . He held this stake directly and indirectly through the Vienna RPR private foundation and was consequently the second largest shareholder in Telekom Austria AG .

In October 2013 he was said to be interested in taking over the Balkan subsidiaries of the nationalized Hypo Alpe-Adria-Bank International , which he immediately denied.

In December 2013, Pecik acquired the headquarters of Bank Austria on Wiener Schottenring through the Vienna RPR Private Foundation for a rumored 125 million euros.

Criminal proceedings for violation of the Stock Exchange Act

The Swiss Financial Market Supervisory Authority FINMA filed a criminal complaint against Ronny Pecik with the Federal Department of Finance at the beginning of 2009 . In January 2009, after the completion of extensive investigative and administrative proceedings, FINMA found that Ronny Pecik and Georg Stumpf as a group had violated their disclosure obligations under Article 20 of the Stock Exchange Act between the end of 2006 and the beginning of 2007 and that they were improperly called for cash settlement Options, shares in Sulzer AG acquired or controlled, as well as options with cash settlement converted into options with actual fulfillment. The proceedings against Ronny Pecik and his partners were closed in October 2010 after a reparation payment of ten million francs. In the OC Oerlikon case , the investors were acquitted by the Federal Criminal Court at the end of September 2010, whereby the decision of the Finance Department was also corrected.

Awards

Web links

Individual evidence

  1. ↑ Financier Ronny Pecik in: Die Weltwoche , edition 25/2007, accessed on February 8, 2012.
  2. ↑ Financier Ronny Pecik in: Die Weltwoche , edition 25/2007, accessed on February 8, 2012.
  3. ↑ Sulzer / EFD closes proceedings against Vekselberg, Pecik and Stumpf in: Handelszeitung , October 18, 2010, accessed on February 7, 2012.
  4. ↑ Pecik: Feeling unwell at Ascom ( memento from June 29, 2007 in the Internet Archive ) Tages-Anzeiger , May 26, 2007
  5. ↑ Pecik withdraws from Ascom, Kurier (daily newspaper) ( Memento from May 26, 2007 in the Internet Archive )
  6. ↑ VICTORY is at Holcim and Rieter Tages-Anzeiger .ch, June 21, 2007
  7. ↑ Investor Ronny Pecik owns 20.118% of the shares in Telekom Austria AG ( Memento from January 29, 2012 in the Internet Archive ) Wirtschaftsblatt .at, January 20, 2012, accessed on February 8, 2012.
  8. ↑ Investor Pecik should be interested in Hypo. Kurier .at, October 2, 2013, accessed on October 2, 2013.
  9. ↑ Pecik takes over Bank Austria headquarters on Wiener Ring diePresse .com, December 12, 2013, accessed on December 12, 2013.
  10. ↑ Sulzer / EFD closes proceedings against Vekselberg, Pecik and Stumpf in: Handelszeitung , October 18, 2010, accessed on February 7, 2012.
  11. ↑ Honorary Senators. In: tuwien.at. Retrieved December 12, 2019 .
personal data
SURNAME Pecik, Ronny
ALTERNATIVE NAMES Pecik, Ronny Ljubomir
BRIEF DESCRIPTION Austrian investor
DATE OF BIRTH March 4th 1962
PLACE OF BIRTH Varaždin , Croatia