Österreichische Industrieholding AG

The Österreichische Industrieholding AG (English: Austrian industry-holding stock corporation) or short ÖIAG, administers the investments of the Republic of Austria in partially or entirely nationalized companies.

History

In 1967 the "Österreichische Industrieverwaltungs-GmbH" (Austrian industry administration GmbH) was established to centralize the administration of the interests in nationalized companies. It was transformed to the "Österreichische Industrieverwaltungs-AG" (Austrian industry administration AG) in 1970 and at the same instant got assigned the shares of the nationalized companies. Since 1986 it bears its current name. The ÖIAG and the companies it owned formed a group, the Austrian Industries AG until 1993 when this group was split and the ÖIAG was instructed to privatize the companies it owned.

Investments

Currently (2005) the ÖIAG owns:
* 31.50% of the Oil producer OMV
* 39.70% of the Austrian Airlines
* 30.17% of the Telekom Austria
* 8.48% of the steel group voestalpine
* 100.00% of the Österreichische Post
* 100.00% of the ÖIAG-Bergbauholding

It has owned before:
* SGP Verkehrstechnik
* Austria Mikro Systeme International AG
* Austria Technologie & Systemtechnik AG (AT & S)
* Berndorf (1957 merged with AMAG, in 1984 split again)
* Böhler-Uddeholm
* Austria Metall AG (AMAG)
* Österreichische Salinen
* Austria Tabak AG
* The auction house Dorotheum
* Österreichische Staatsdruckerei (federal printing plant)
* Flughafen Wien AG (Vienna International Airport)
* Schoeller-Bleckmann
* Siemens AG Österreich
* VA Technologie AG (VA Tech)

Often there were severe protests from politicians, unions and workers' councils when these companies were privatised; many times accompanied by strikes.

External links

* [http://www.oeiag.at Homepage of the ÖIAG]