Austrian fund fusion creates ATS21bn giant

By Hugh Wheelan2001-12-04T04:26:00

AUSTRIA - The Vienna based ATS3.8bn (e280m) Verbund Pensionskasse, the pension scheme for Austria’s largest electricity company, has announced that it is to merge with the ATS 17bn (e1.3bn) OEPAG Pensionskassen, one of the country’s seven open funds, in an effort to cut costs and concentrate on its core business.... ...