Merger Between Volksbanken and Investkredit

Published: November 16, 2010; 12:23 · (Vindobona)

The merger between the Österreichischen Volksbanken AG (ÖVAG) and Investkredit, the subsidiary acquired in 2005, shall be in effect by July.

Merger Between Volksbanken and Investkredit / Picture: © Wikipedia / 718 Bot

ÖVAG is still without a partner, but merges with its subsidiary Investkredit. Synergies and efficiencies should be increased. The "efficiency and development program" is meant to "achieve greater profitability, strengthen synergies and prepare for the stratification of the participation capital." The merger is to be completed by July 10, 2011, and ÖVAG turns into "ÖVAG+” (ÖVAG +…

This article includes a total of 209 words.

or Log In

Fast News Search

Join us to succeed in Vienna! Sign up to read articles for free and to get personalized updates on the events that interest you.

Merger Between Volksbanken and Investkredit

The merger between the Österreichischen Volksbanken AG (ÖVAG) and Investkredit, the subsidiary acquired in 2005, shall be in effect by July.

Join us to succeed in Vienna!
Sign up to read articles for free and to get personalized updates on the events that interest you.