ÖIAG: No Solution in Sight

Politics ♦ Published: June 28, 2012; 19:32 ♦ (Vindobona)

Today, the supervisory board of the Austrian Industrial Holding (ÖIAG) had a meeting. A clear strategy will not be found anyway.

ÖIAG: No Solution in Sight / Picture: © Österreichische Industrieholding AG (ÖIAG)

The governing parties SPÖ and ÖVP have a fundamentally different strategy for ÖIAG. SPÖ plans to dissolve ÖIAG and to put the three remaining interests to the Ministry of Finance.

By contrast, ÖVP pushes for further privatizations. Even more, Finance Minister Maria Fekter plans to enlarge ÖIAG´s portfolio by the energy group Verbund, ÖBB (Austrian Railways) and Asfinag…