ÖVAG does not want to stay solo

Companies ♦ Published: June 25, 2010; 00:00 ♦ (Vindobona)

The enthusiasm of authorities, central bank and the federal government is limited for the decision of the ÖVAG owner to continue without a partner and to merge Investkredit and ÖVAG.

ÖVAG does not want to stay solo / Picture: © Vindobona.org

The Cooperative Group will cut costs and seek more partners

The enthusiasm of authorities, central bank and the federal government is limited for the decision of the ÖVAG owner to continue without a partner and to merge Investkredit and ÖVAG. It had been neither "anticipated or communicated, but rather the last resort”, they say. And: "This solution is far from…

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