Ottakringer is to withdraw its participation certificates from the Austrian stock exchange, according to local reports.

Quoting a statement from the Austrian brewer, the reports said today (5 February) that Ottakringer has offered the certificate holders either a cash compensation of EUR51.13 (US$66.31) per piece or a swap into preference shares.

Holders have until 11 February to make their decision.

Ottakringer's common and preference shares will continue to be listed on the stock exchange.

The report said the move by the brewer had been expected.