Gewinn-Messe – Head of ÖBIB: active management of investment management



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Vienna (APA) – ÖBIB, the State holding company, which holds shares in the Republic in OMV, Post and Telekom, is not administering to death, but is actively pursuing investment management focused on the state. ;to come up. ÖBIB's CEO, Walter Jöstl, stressed Friday at the Gewinn-Messe in Vienna.

The ÖBIB – which, as it was announced, must be reformed and, at the same time, has to go from a limited liability company to a public limited company – is "on a daily strategic level, accompanied by daily activities", "c ' is our daily bread. " This also applies, for example, to existing collective agreements between the Republic and other companies or strategists; At OMV, the union holds about 56% and Telekom 75%. The partners are "absolute leaders of innovation in the world". We can be happy that the partners have not only invested their money, but also bring their know-how. The state directly owns 31.5% of the shares via ÖBIB and 28.42% of the Telekom shares, while it also holds 52.85% of the shares of Post AG, listed on the stock exchange.

In total, ÖBIB manages about 7.7 billion of economic badets, 61% more than the 4.8 billion euros of early 2015, when ÖBIB started to succeed ÖIAG. Assets in listed companies would represent 20% of the Austrian stock index. The portfolio was "a good balance", even with elements attributable to "critical infrastructure", as an essential parameter for the smooth running of the economy.

For a long-term reform of the ÖBIB, Jöstl was rather covered and remained largely formal. Yes, there will be a structural change – the world will continue to move and we will have to adapt the structures. In addition, "we also look outside the box", "so we bring an adjustment, what are our needs". "Create momentum and added value" could be a goal to be taken into account to award the badociation or the Bundesimmo-Gesellschaft BIG ÖBIB.

If the ÖBIB must again be part of the supervisory board, it is not an "extended power arm", but "it 's above all a matter of d & # 39; information – we also want to be informed as an "investor". Still around a fund construction according to the Norwegian model "federal government experts would strive," Jöstl said. The Norwegian sovereign wealth fund is used to manage pension funds – the return is worth it – and secondly, to invest gradually in industries and industries at a time when the production of oil resources will no longer be available.

Finance Minister Hartwig Löger (ÖVP) said Friday at the fair that in the coming weeks a decision on the ÖBIB reform could be taken at the governmental level. The current form of ÖBIB as a limited liability company is "false" because it does not give direct control. Jöstl said that the government's goal was to have an extensive legal framework by the end of the year. The decision should then be made by the National Council.

On the supervisory board of the ÖBIB holding companies, which are also collegial bodies, "good representatives of experts would continue to sit in the future," Jöstl said. The head of the ÖBIB stated that "there are still temporary duties" that would be put to the test after a while, at the request of the imminent loss of expertise, even at the head of the supervisory boards. In a letter to Finance Minister Löger in mid-September, Peter Löscher, Director General of OMV-AR, criticized his plan to strengthen direct state control and announced his departure from the 2019 Annual General Meeting.

~ WEB http://www.obib.co.at ~ APA329 2018-10-19 / 14: 29

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