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Austria: Sale of Kommunalkredit Still in Limbo
Politics ♦
Published: March 29, 2013; 13:42 ♦ (Vindobona)
Denationalization of Kommunalkredit not yet completed.
Austria: Sale of Kommunalkredit Still in Limbo / Picture: © Kommunalkredit
The Republic of Austria would have had until the end of March to privatize Kommunalkredit which was nationalized by force. However, the measures were not carried out according to plan. Just before the deadline, the federal state has asked Brussels for a prolongation again, as reported by Wirtschaftsblatt. Adolf Wala, CEO of Fimbag the state-owned enterprise which accompanies the…
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