Österreichische Volksbanken-Aktiengesellschaft

EANS-Adhoc: Österreichische Volksbanken-Aktiengesellschaft
Resolution to transfer the banking business of Österreichische Volksbanken-Aktiengesellschaft (VBAG) to Investkredit Bank AG by way of de-merger planned for 19 May 2011.

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Company Information

15.04.2011

Resolution to transfer the banking business of Österreichische Volksbanken-Aktiengesellschaft (VBAG) to Investkredit Bank AG by way of de-merger planned for 19 May 2011. Core shareholders of VBAG intend to acquire EUR 300 million of participation capital held by the Republic.

It is planned that in the General Assembly on 19 May 2011 a resolution will be passed on the transfer of VBAG´s banking business to Investkredit Bank AG by means of a proportional de-merger. The draft of the de-merger agreement stipulates (as set forth in detail in the agreement) that VBAG as transferor company intends to transfer its banking business to Investkredit Bank AG as assuming company by way of an universal succession. The remaining EUR 700 million of the state participation capital will be transferred to Investkredit Bank AG. The company name of the unified bank will be changed to Österreichische Volksbanken-AG. The de-merger is subject to approval by the General Assemblies of both companies involved and by the FMA (Austrian Financial Market Authority).The de-merger will be legally effective when registered in the commercial register at the Vienna Commercial Court which is expected to take place in the second half of 2011. A separate notice will be published pursuant to the Austrian De-Merger Act regarding the disclosure of the de-merger agreement as required by law. The core shareholders of VBAG made the fundamental decision on 15 April 2011 to acquire in 2011 part of the participation capital of the Republic of Austria in an amount of EUR 300 million. This decision is subject to final approval by the General Assembly in 2011 May.

Stock exchange listed issues of participation capital issued by Österreichische Volksbanken-Aktiengesellschaft: ISIN: AT0000755665 Österreichische Volksbanken-AG PartizipationsscheineXS0359924643 EUR 500,000,000 Perpetual Non Cumulative Participation Capital Certificates

The five biggest listed issues of Österreichische Volksbanken-Aktiengesellschaft
in terms of issue volume:
ISIN:
XS0451759012
XS0417722393
XS0412533399
XS0271095357
AT000B053442 

The issues of Österreichische Volksbanken-Aktiengesellschaft are admitted on the following stock exchanges: Regulated unofficial market of Wiener Börse AG Official trading of Wiener Börse AG EUWAX segment of Baden-Württembergische Wertpapierbörse Regulated market of Baden-Württembergische Wertpapierbörse Regulated market of the Prague Stock Exchange Regulated market of the Luxembourg Stock Exchange Open Market of Berlin Stock Exchange Open Market of Stuttgart Stock Exchange Open Market of Frankfurt Stock Exchange

end of announcement                               euro adhoc
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Contact:

Ansprechpartner:

Walter Gröblinger

Tel.: +43/ (0) 50 4004-0

E-Mail: walter.groeblinger@volksbank.com

Branche: Banking
ISIN: AT0000755665
WKN:
Index: Standard Market Auction
Börsen: Prague Stock Exchange / stock market
Wien / official market


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