„ÖIAG Should Manage Banking Interests“

People ♦ Published: June 23, 2012; 19:40 ♦ (Vindobona)

Austria´s Finance Minister Maria Fekter wants to upgrade the Austrian state holding ÖIAG.

„ÖIAG Should Manage Banking Interests“ / Picture: © Vindobona.org

Maria Fekter suggests that ÖIAG should take over the stakes of publicly held banks. „As long as I am responsible therefore, ÖIAG will not be liquidated. By contrast: I am in favor of upgrading ÖIAG.“

At the moment, the Austrian state is the sole owner of Hypo Group and Kommunalkredit. Moreover, there is a 42% stake in VBAG. Fekter wants to shift these stakes into ÖIAG.…