Privatizations

Poland Promotes Privatizations

This year, Poland´s revenues from privatizations total more than € 2.3bn.

December 30, 2012

Slovenia: Sustersic Rules Out Coming Under Rescue Umbrella

In an interview with the Austrian news magazine “Standard”, Slovenia´s Minister of Finance Janez Sustersic says that his country is not candidate for the safety net ESM.

December 28, 2012

Romanian Post to be Privatized

In total, 51% of the company will be sold. The Romanian state will keep a 24% stake in Post.

December 18, 2012

Slovenia Still Rules Out Calling for Rescue

The Slovenian government tries to prevent to be bailed out by the EU and IMF by all means. However, experts fear that Slovenia is the next candidate for the safety net.

November 10, 2012

Romania: EBRD Presses for More Reforms

According to the European Bank for Reconstruction and Development, Romania must become more attractive for investors.

November 10, 2012

Slovenia: Creation of Bad Bank Should Solve Credit Crunch

At the moment, the Slovenian banking sector does not fulfill its main task. The real industry suffers from a credit crunch.

November 6, 2012

Poland Starts Privatization Program

The Polish government wants to sell state-owned assets worth € 5bn.

October 18, 2012

EU as „Serbia´s Most Important Market“

The U.S. economist Paul Krugman thinks that Serbia´s future is the European Union. The EU is worried about the turn towards Russia.

October 4, 2012

Viennese Investors to Sell UkrTelekom

The Ukrainian investor Rinat Achmetow is said to acquire UkrTelekom.

October 3, 2012

IMF Puts Pressure on Slovenia

Slovenia is urged to implement quick reforms. Otherwise the country may have to be bailed out by the safety net.

October 3, 2012

Austrian Railways to be Privatized?

ÖVP (Austrian People´s Party) again pushes for a privatization of ÖBB (Austrian Railways). The sale of the freight division would be conceivable, ÖVP´s chairman Michael Spindelegger says.

October 2, 2012

Dacic: „Reforms, Attracting Investments and Starting EU Integration“

The Serbia Prime Minister Ivica Dacic underlined that the government will implement reforms in order to stop the economic crisis.

September 26, 2012

Crucial Days for Slovenia

This week, Slovenia´s Parliament may decide on establishing a bad bank. After Prime Minister Janez Jansa warned of a national bankruptcy, the Slovenian opposition is under pressure.

September 26, 2012

Serbia to Privatize Publicly Held Companies

In order to reduce the budget deficit, the Serbian Minister of Finance Mladjan Dinkic plans to sell a part of the state-owned companies.

September 22, 2012

ÖIAG to be Enlarged?

Publicly held companies like Verbund or Austrian Railways should be integrated into the Austrian industrial holding group.

September 21, 2012

Romanian Romgaz to be Privatized

The privatization of Romgaz at Bukarest Stock Exchange may become Romania´s biggest IPO. According to the Romanian news agency hotnews, other big privatizations in Romania may be postponed.

September 10, 2012

Austrian Railways: Pöchhacker Opposes to Privatization Plans

Horst Pöchhacker, President of ÖBB´s (Austrian Railways) is against a privatization of the company. Vice-Chancellor Michael Spindelegger (ÖVP) recently suggested to sell ÖBB to Frank Stronach.

September 10, 2012

ÖBB to Become Privatized?

In the summer talks of Austria´s public broadcaster ORF, Vice Chancellor commented that the founder of Magna Frank Stronach should acquire ÖBB (Austrian Railways). A highly controversial debate has begun.

September 8, 2012

Kemler New CEO of ÖIAG

The former CEO of Hewlett Packard Austria was elected as new Chief Executive Officer of the Austrian Industrial Holding.

September 7, 2012

IMF: List of Demands against Hungary Became Public

The list contains demands of the IMF against Hungary and is the precondition for the safety loan of € 20bn. However, the list could be a counterfeit.

September 7, 2012

Slovenia: „Irish or Greek Way“

The Slovenian economist Egon Zakrajsek explains that Slovenia´s illiquidity only a question of time. The problem banks should be sold, he recommends.

September 5, 2012

Five Potential Buyers for Kommunalkredit

Next year, the nationalized bank should be re-privatized. The sale should be finished until the end of this year.

September 4, 2012

Kapsch Sees Austria´s Main Problem in Education Sector

In the last years, Austria fell behind in all competitive rankings. For the President of the Federation of Austrian Industries Georg Kapsch, education is the key factor.

August 22, 2012

Several Potential Buyers for Kommunalkredit

In 2013, the nationalized Austrian bank must be re-privatized. The buyer won´t be an Austrian bank.

August 21, 2012

Demerger at Hypo Group Resolved

In order to become re-sold, the Austrian subsidiary of Hypo Group shifts risky assets to the holding company.

August 14, 2012

Austrian Railways „Fit for the Capital Market in a Few Years“

Horst Pöchhacker, chairman of the supervisory board of Austrian Railways (ÖBB) thinks that the transport group will face more competition. A privatization would take time.

August 6, 2012

Kommunalkredit: Small Profit, Big Risks

In the first six months, the nationalized Austrian Kommunalkredit bank could generate a net income of € 16.2m. Further capital injections are likely.

August 4, 2012

Kommunalkredit Sale: „There are potential buyers“

Yesterday, the nationalized Kommunalkredit was put up for sale. According to Fimbag´s board chairman Klaus Liebscher, there are some interested parties.

July 27, 2012

Slovenia in Financial Distress

In order to prevent becoming a bail-out candidate, the Slovenian government aims to resolve a „debt brake“. It turns out that this goal is highly uncertain.

July 21, 2012

Resistance Against Enlargement of ÖIAG

The chairman of ÖBB´s (Austrian Railways) supervisory board Horst Pöchhacker rejects the idea of integrating ÖBB, Verbund or Asfinag into the publicly held Austrian industrial holding ÖIAG.

July 19, 2012

Heavy Dispute Over ÖIAG

The Austrian Minister of Finance plans to incorporate the publicly held stakes in ÖBB, Asfinag and Verbund into ÖIAG. The coalition partner SPÖ and Reinhold Mitterlehner oppose to this attempt.

June 21, 2012

Liebscher Calls for New Model of Bad Banks

The chairman of Austria´s Fimbag, the state holding of nationalized banks, wants to put aside toxic assets of nationalized banks.

June 18, 2012

Mitterlehner Suggests Dissolving ÖIAG

The Austrian Minister of Economics Reinhold Mitterlehner intends to privatizie the remaining stake in Telekom Austria. This could mean the end of the Austrian industrial holding.

June 16, 2012

„Shotdown of Hypo Group Would Cost € 6.0bn“

The management of the nationalized Austrian Hypo Group Alpe Adria asserts that the shutdown would be more expensive than the continuation of the business.

June 15, 2012

Hypo Group: The Time is Pressing

Until the end of this year, the Austrian nationalized banks needs an equity quota of 12.0%. This will not be achieved without special measures.

June 11, 2012

Bad Bank for Hypo Group?

The nationalized Austrian bank Hypo Group Alpe Adria considers to create a bad bank in order to avoid further capital injections.

June 8, 2012

Kommunalkredit Sale: Austria Hires Morgan Stanley

The nationalized Austrian lender Kommunalkredit should be sold until 2013. The U.S. investment bank should act as commission agent.

June 6, 2012

Hypo Group: Further State Aids not Excluded

Johannes Ditz, chairman of the nationalized Hypo Group Alpe Adria, wants to sell about a third of the interests until 2014. In the end, losses are likely.

May 30, 2012

The Euro - A Big Error (Part 3)

The common currency did not create convergence, but widened the gap between Northern and Southern Eurozone member states.

May 29, 2012

Telekom Austria Interested in Kosovo´s PTK

The Austrian telecommunication service provider still shows interest in taking over the Kosovo-based telecommunication company PTK. Last year, the sale was stopped.

May 4, 2012

Kommunalkredit: Losses Reach € 150m

The nationalized Austrian lender had to write down Greek sovereign bonds. Write-offs totaled € 176m.

April 30, 2012

Hypo Group Alpe Adria Splits Operations

The nationalised Austrian banking group Hypo Group Alpe Adria plans to shift assets from its Austrian bank unit to the group holding company.

April 26, 2012

Romanian Government Considers Privatizations

The remaining publicly held stakes in Petrom, a subsidiary of Austrian OMV may be privatized. OMV does not participate in the transaction.

April 10, 2012

Romania Plans Further Privatizations

Above all, a sale of the minority stake in the oil company Petrom could bring up to $ 600m. The Austrian OMV, which is the majority owner of Petrom, could be interested.

March 27, 2012

Telekom Austria: Pecik Denies Sales Talks

The Austrian investor Ronny Pecik is said to have had sales talks with China Mobile. Pecik reaffirms to remain at Telekom Austria as “long-term investor”.

March 19, 2012

Austerity Package: Sorger Misses Reforms

The President of the Federation of Austrian Industries (IV), Veit Sorger, sees a massive lack in structural reforms. The austerity package is a “missed opportunity”.

March 3, 2012

Public Dispute Over Privatizations

The two government parties disagree to the sale of further publicly held companies. ÖVP pushes for privatizations, for SPÖ the idea is inacceptable.

February 29, 2012

Kommunalkredit: More Costly than Hypo Group

The Austrian state had to made expenses of € 4.65bn for the nationalized Kommunalkredit. In total, the bank package´s volume reaches € 11bn.

February 9, 2012

Still Capital Requirement at Kommunalkredit

The „bad bank“ of the nationalized Austrian bank, KA Finanz, receives € 190m by the Austrian state. Moreover, another € 600m are needed in the first half of 2012.

February 7, 2012

Privatization of Kommunalkredit Starts

The sale of the nationalized bank will start in the second half of 2012. For 2011, losses could reach up to € 150m.

February 4, 2012
Fast News Search