[Last updated: 1 January 2025, unless otherwise noted]

Public companies listed in the regulated market segment (Amtlicher Handel) are usually taken private by a combination of a public takeover offer (sometimes with a minimum acceptance condition at 90%) followed by a squeeze-out, as described above. Further, for scenarios where no shareholder holds more than 90% of the shares, a new delisting procedure was enacted by the Amendment of the Austrian Stock Exchange Act 2018, requiring the following:

• The public company's shares must have been listed for a period of at least three years.
• The approval of the general meeting to withdraw the public company from the regulated market segment must be given with a supermajority of 75% of the voting rights, or a respective request of shareholders jointly holding 75% of the share capital must be filed.
• Protection of the minority shareholders may not be jeopardized. This will be deemed to be the case if (i) a public takeover offer is launched to which specific (additional) minimum price rules apply, or (ii) after its delisting from the Vienna Stock Exchange, the public company remains listed on a regulated market of an EEA member state (in which case the minimum listing period above is reduced to one year).

The requirement to launch a public takeover offer also applies to cross-border and domestic mergers, to de-mergers and other restructurings which result in a delisting of a public company.

For other listed companies, a voluntary delisting can be requested by the company.