The general meeting of the state holding company ÖBAG decided on a dividend for 2020 in the amount of 520 million euros. In addition, there is a further 133 million from the energy supplier Verbund, whose shares are managed by ÖBAG, but which pays out directly. This means that more will be paid out for the Corona year than in 2019. At that time, the dividend paid to the Ministry of Finance totaled 602 million euros. This year it is a total of 653 million euros.
“The past financial year 2020 was unprecedented, not only for ÖBAG, but for the entire economy. The state holding proved to be a stabilizing factor in the crisis in 2020,” said the interim ÖBAG boss Christine Catasta according to a broadcast. The actions of your predecessor, the sole director Thomas Schmid, who resigned prematurely due to the chat affair, and the previous supervisory board were approved by the general meeting.
As a result of the castling in the supervisory board, the proportion of women rises to 44 percent. The lawyer and tax advisor Caroline Toifl is a new member of the supervisory board on the capital representative side. She replaces Christian Ebner, whose term of office has expired. OMV works councilor Nicole Schachenhofer was also newly appointed to the supervisory board. She replaces the outgoing works council member Herbert Lindner. “With Toifl and Schachenhofer we can welcome two new members to the ÖBAG supervisory board, who will bring their extensive experience to the supervisory board of ÖBAG,” said chairman of the board, Helmut Kern, who spoke of “parity” in the supervisory board.
The state holding recently hit the headlines because ex-boss Schmid’s chats with high-ranking ÖVP government politicians became known. This ultimately forced him to withdraw. ÖBAG is currently looking for a new board member. A sole director is advertised again.
From Post to OMV
The state-owned company has the most important holdings in listed companies with OMV, Telekom Austria and Post. The dividends also rose recently because the federal real estate company BIG came into the new state holding company as part of the reform of ÖBIB to ÖBAG. The shares in the association are administered via a management contract.
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
