Bank Austria comments on media rumours concerning Lenzing AG:
Neither UniCredit Group nor Bank Austria are in contact with the Indian Birla Group
New rumours concerning Lenzing AG, the Upper Austrian manufacturer of viscose fibres, prompt Bank Austria to make the following statement: neither Bank Austria nor UniCredit Group are in sale negotiations with the Indian Birla Group.
As already communicated, Bank Austria transferred its equity interests in industrial companies to B&C Stiftung, a foundation established under Austrian law, in 2000. Since then Bank Austria has concentrated on its banking business. In return for this transaction, Bank Austria received a profit-sharing right in the profit of B&C Holding, which holds the equity interest in Lenzing AG. Therefore Bank Austria and UniCredit Group are the wrong contact for a company sale.
As part of its concentration on its core business, Bank Austria could conceive a sale of its profit-sharing right.
Enquiries: Bank Austria Press Office Austria
Martin Halama, Tel. +43 (0)5 05 05 ext. 52371;