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State Holding ÖIAG to be Renamed ÖBIB

Published: January 13, 2015; 18:30 · (Vindobona)

Austrian state holding ÖIAG is going to be turned into a limited liability company (GesmbH) called "ÖBIB" Österreichische Bundes- und Industriebeteiligungsholding, which will be permitted to make new acquisitions and which will report directly to the Finance Ministry.

State Holding ÖIAG to be Renamed ÖBIB / Picture: © Österreichische Industrieholding AG (ÖIAG)

Until now the Österreichische Industrieholding AG or short ÖIAG, administers the investments of the Republic of Austria in partially or entirely nationalized companies. It is headquartered in Vienna.

In 1967 the Österreichische Industrieverwaltungs-GmbH (Austrian industry administration GmbH) was established to centralize the administration of the interests in nationalized…

This article includes a total of 183 words.

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