Österreichische Industrieholding

48.23333333333316.384166666667Koordinaten: 48 ° 14 '0 " N, 16 ° 23' 3" O

The Austrian Industry Holding AG, or ÍIAG, manages the investments of the Republic of Austria to nationalized companies and teilverstaatlichten. The headquarters is located at the Dresden street in the 20th district of Vienna Brigittenau.

History

The birth of the nationalized industry in Austria was July 26, 1946, when the National Council adopted the first nationalization law. This was done in order to escape the influence of Soviet troops, which began to seize companies from " the German property." As a "German property " were not only businesses that were established by the Nazis, such as the Linzer Hermann -Göring -Werke ( later VÖEST ), but also old Austrian state-owned enterprises, which were taken over by the German Reich, such as the First Danube Steamship Company. In sum, it was companies that one-fifth of Austrian value added accounted for (the three largest banks in the country, the entire coal and ore mining, the total petroleum production and processing, all major enterprises of heavy industry ). The nationalized industry was managed directly by the government and its ministries. In the course of reforms by the Federal Government Klaus II, the Austrian industry Verwaltungs-GmbH was founded in 1967 ( ÖIG ) founded the fiduciary exercise of share rights of the Republic to nationalize the company. In 1970 she was converted to the Austrian industry Verwaltungs-AG, at the same time have been allocated and the share rights. Since 1986 she bears its present name. As a general directors acted among others Franz Spirit ( 1971-78 ), who in vain sought a right to instruct the largely autonomously acting individual companies, Oskar Grünwald ( 1978-86 ), who tried to make do with the limited legal means, and Hugo Michael Sekyra ( 1986-93 ), who tried unsuccessfully after the Verstaatlichtenkrise of 1985-86, to make the ÍIAG a marketable conglomerate. By 1993, the ÍIAG with the companies owned by them formed a group, the Austrian Industries AG. Thereafter, this group relationship was dissolved, and instructed the Holding trying to privatize the properties in their possession businesses.

In November 2008, a subsidiary was due to the financial crisis starting in 2007, established to coordinate the capital grants by the government to the individual banks. Designated leader of this colloquially as banking ÍIAG ( official FIMBAG ) investment company took over Veit Sorger and Androsch.

Investments

As of September 2009, commissioner ÍIAG interests in the following companies:

ÖIAG was involved, among others, the following companies:

  • Austria Metall AG ( AMAG)
  • Austria Mikro Systeme International AG
  • Austria Technologie & Systemtechnik AG
  • Austrian Airlines (which was sold in 2009 to Lufthansa AG)
  • Böhler -Uddeholm AG
  • Dorotheum
  • Flughafen Wien AG
  • Austrian State Printing
  • Print Media Austria AG
  • Siemens AG Austria
  • SGP
  • Tobacco Monopoly (formerly Austria Tabak )
  • VA technology
  • Voestalpine

The sale of these businesses usually were preceded by violent protests from both the policy and on the part of trade unions and works councils.

History of privatization in 1987

Chronology by Economic Journal:

  • May 1997: 100% of the Austrian salt mines AG goes to the group of bidders Androsch / RLB Upper Austria / Thomanek.
  • June 1997: 25 % plus one share of Mobilkom Austria AG sold to the strategic partner STET International ( = group company of Telecom Italia ). The course runs over the PTBG ( Post & Telegraph subsidiary ).
  • June 1997 to January 1998: the PTBG be a total 4.354 million shares of Bank Austria sold on the Vienna Stock Exchange.
  • November 1997: Sale of 49.5 % stake in Austria Tabak on the stock exchange.
  • February 1998: More 6.26905 million shares of Bank Austria are sold by the PTBG.
  • October 1998: 25 % plus one share of Telekom Austria AG go to strategic partner STET International, in turn, by the PTBG.
  • March 1999: 9.4% in Austria Tabak are directly sold to institutional investors (block trade).
  • May 1999: The ÖIAG share of the AUA is reduced to 39.72 %, as in the course of a capital increase ÖIAG waived their rights.
  • March 2001: Further 8.92% of Flughafen Wien AG are sold to domestic and foreign institutional investors.
  • May 2001: Sale of 1% of the share capital of the VA Stahl AG in connection with a share repurchase program at the VA Stahl AG.
  • August 2001: The remaining 41.1 % of Austria Tabak AG sold to the Gallaher Group.
  • September 2001: Whole sale of the Dorotheum to the group of bidders " OneTwo investment and management consulting GmbH".
  • March 2002: 100 - % hydrochloric sale of Strohal rotary printing GmbH to the " Invest Equity Group".
  • May 2002: Capital increase at voestalpine AG. ÖIAG with only 50%, its share reduced from 37.8% to 34.7 %.
  • June 2002: by allocation of bonus shares in the course of the investment program on the occasion of the IPO in November 2000, the share of OIAG reduced in Telekom Austria AG. He drops from 47.8 % to 47.2%.
  • August 2003: Shares of VA Technologie be sold on the stock exchange.
  • September 2003: The POSTBUS AG, since 2000 a wholly owned subsidiary of ÍIAG is completely sold to ÖBB. Thus, the two largest public bus fleets in the country, Postbus and Bahnbus summarized. The ÖBB must give some postal bus lines to competitors but as a result of competitive reasons. Sale of 19.7 % of voestalpine AG on the stock exchange in the course of a secondary public offering.
  • November 2003 sale of 25 % of Böhler Uddeholm AG on the stock exchange in the course of a secondary public offering.
  • August 2004: The ÍIAG Mining Holding AG ( ÖBAG ) its 26 - % stake in BMG Metal and Recycling GmbH at its majority shareholder Ecobat.
  • October 2004: The ÖIAG Mining Holding merged into the GKB- mining GmbH.
  • December 2004: In the wake of an accelerated Bookbuilt Offerings 17% of Telekom Austria AG sold on the stock exchange. Privatization of VOEST -ALPINE Erzberg GmbH. ÖIAG Shares will be introduced into the Erzberg private foundation or sold by them.
  • July 2005: The VA Tech is now fully privatized. The last 14.7 per cent stake go through a public takeover offer to the Siemens Austria.
  • August 2005: The full privatization of voestalpine AG is concluded in late August by the complete rescission of the exchangeable bond.
  • May 2006: 49% of the Austrian Post AG sold on the stock exchange.
  • June / September 2006: Due to conversion or sale of the ÍIAG exchangeable bond ÖIAG's share is decreasing in Telekom Austria to 25.2 %.
Types of business entity Hannes Androsch ams AG International Petroleum Investment Company Secondary market offering
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