On February 4th there is a meeting in Linz
extraordinary general meeting of the Oberbank. Their convocation
UniCredit Bank Austria had asked for one
Special audit on capital increases in previous years. In a fight
anyway, it is the court’s turn to determine the number of supervisory boards.
Bank Austria has a participation vehicle in the three
listed regional banks Oberbank (Linz), Bank for Tirol and
Vorarlberg (BTV, Innsbruck) and bank for Carinthia and Styria
(BKS, Klagenfurt) involved. The three banks themselves are
intertwined. This “participation carousel” is the
Bank Austria appears to be an eyesore.
She suspects that because of the mutual
ring-shaped participations capital increases at least the Oberbank
partially paid out of their own assets. Moreover
she suspects that the Oberbank’s holding company
Generali 3Banken Holding sent funds to her
enable participation in the Oberbank capital increase. The
violate the ban on deposit returns, the
Right view of Bank Austria.
“We are pursuing our shareholder rights to the necessary
To achieve transparency in the business management of the Management Board and
the application of good corporate governance standards as well as the
Equal treatment of all shareholders in the past and in the future
“, said the bank in a short statement
Austria. In addition, one expected “clarification on the non-transparent
mutual participation structures and reasonable suspicion
of the illegal action in the wake of the 2018 capital increases
BKS and BTV “.
At BKS and BTV, Bank Austria already has similar ones
Allegations requests for special review of all capital increases since 1994
brought in. Because she couldn’t get through with them, she now wants them on
Enforce legal action. Bank Austria wanted the Oberbank
instead, originally another board of directors, failed with
this request. The supervisory board question is currently also up
at the court: Bank Austria has one at the regional court in Linz
Lawsuit brought. The negotiation is already
closed, but a first instance judgment is still pending.
ver / zie / per
ISIN AT0000625108
WEB http://www.oberbank.at
http://www.bankaustria.at
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