VBAG Sold Private Equity Portfolio

Professional ServicesFinancial Services ♦ Published: July 31, 2014; 17:05 ♦ (Vindobona)

Österreichische Volksbanken AG (VBAG) makes progress with the implementation of its restructuring program by selling a EUR 110 million portfolio of private equity fund investments and direct investments in German speaking countries and Eastern Europe.

VBAG Sold Private Equity Portfolio / Picture: © Österreichische Volksbanken-AG (ÖVAG)

Österreichische Volksbanken-AG (VBAG) makes progress with the implementation of its restructuring program.

Portfolio sold in several tranches since the end of 2013 - total budget is EUR 110 million

By end of July the closing of the sale of a portfolio of private equity fund investments and direct investments in German speaking countries and Eastern…