# Commission Decision of 19 September 2012 on the State aid SA.31883 (2011/C) (ex N 516/10) which Austria implemented and is planning to implement for Österreichische Volksbanken AG (notified under document C(2012) 6307) (Only the German text is authentic) (Text with EEA relevance) (2013/298/EU), Division 2.6

Extent: E+W+S+N.I.

The aim of the liquidation plan of ÖVAG is to fully liquidate all assets by 31 December 2017 . It also follows from ÖVAG's liquidation plan that a positive residual value will remain. As partial compensation for the reduction in the share capital held by the Republic of Austria in ÖVAG, the Verbund and Volksbanken Holding eGen will assign their claims to the liquidation proceeds of ÖVAG to the Republic. Moreover, the Verbund has given a best endeavour commitment to the effect that other shareholders in ÖVAG will also assign their claims to the Republic of Austria.

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Source: https://www.legislation.gov.uk/eudn/2013/298/annex/division/2/division/2.6 (the official version)
Page: https://openlegislation.uk/eu-decision-2013-298/annex/division-2/division-2.6
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.