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Österreichische Volksbanken-Aktiengesellschaft

EANS-Adhoc: Österreichische Volksbanken-Aktiengesellschaft
Strengthening of business model through sale of Europolis, merger with Investkredit Bank AG

  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is solely responsible for the content of this
  announcement.
24.06.2010
Österreichische Volksbanken-Aktiengesellschaft (VBAG) and CA Immo AG 
have agreed on the sale of 100% of shares in the VBAG subsidiary 
Europolis AG to CA Immo. The Management Board and Supervisory Board 
of ÖVAG approved the sale in their meetings today. CA Immo AG will 
pay EUR 272 million for all shares in Europolis AG. Among other 
things, the sale is subject to the suspensive conditions of approval 
by the responsible authorities and the implementation of internal 
restructuring measures agreed within the Group.
To further streamline the Group´s structure, the Management Board and
Supervisory Board of VBAG today resolved to combine the banking 
operations of VBAG and those of Investkredit Bank AG. Details of the 
combination will be analysed and drawn up in the coming weeks. Legal 
implementation will occur in the first half of 2011.
The implementation of these strategic options will serve to further 
strengthen the business model of VBAG.
Stock exchange listed issues of participation capital issued by 
Österreichische Volksbanken-Aktiengesellschaft:
ISIN: AT0000755665 Österreichische Volksbanken-AG 
Partizipationsscheine XS0359924643 EUR 500,000,000 Perpetual Non 
Cumulative Participation Capital Certificates (issued on a fiduciary 
basis by Banque de Luxembourg)
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

Further inquiry note:

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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