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Österreichische Beteiligungs AG
The Österreichische Beteiligungs AG (ÖBAG; English: Austria Holding PLC) is an Austrian state-owned holding company that can be characterized as a sovereign wealth fund. It administers the investments of the Republic of Austria in partially or entirely nationalized companies. It is headquartered in Vienna. 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. The ÖIAG (since 1986) 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. In 2015, the Austrian state holding ÖIAG was turned into a limited liability company (Ge ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aktiengesellschaft
(; abbreviated AG ) is a German language, German word for a corporation limited by Share (finance), share ownership (i.e., one which is owned by its shareholders) whose shares may be traded on a stock market. The term is used in Germany, Austria, Switzerland (where it is equivalent to a ''S.A. (corporation), société anonyme'' or a ''società per azioni'') and South Tyrol for companies incorporated there. In the United Kingdom, the equivalent term is public limited company, and in the United States, while the terms "Incorporation (business), incorporated" or "corporation" are typically used, technically the more precise equivalent term is "joint-stock company". Meaning of the word The German word ''Aktiengesellschaft'' is a compound noun made up of two elements: ''Aktien'' meaning an acting part or shares, share, and ''Gesellschaft'', meaning company or society. English translations include ''share company'', or ''company limited by shares'', or joint-stock company. In German, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |