- Work +43 1 53 43 70
- Fax +43 1 53 43 76 100
Schoenherr advises ÖVAG on the successful sale of the container leasing business
The Republic of Austria agreed to invest and become a shareholder in Österreichische Volksbanken-AG (ÖVAG) in spring 2012. In this context, a number of measures and steps were agreed to further improve and strengthen the capital position and capital ratios of ÖVAG. In addition to increasing the focus on Austria, it was agreed to reduce the assets of the bank. The reduction efforts shall focus predominantly on assets in the Real Estate and Corporate segments.