Austria Credit Score Online

The battle about the walk of the Upper Austrian Energie AG to the stock exchange market is becoming more serious.

The ruling Peoples Party want to finish the deal on the 12th February. The Socialdemocrats prefer to have a delay in the particular case.

The reason for the Socialdemocrats to have a delay is the wish to create a referendum, if the Energie AG should enter the stock exchange market or not.

“A delay would scare possible investors and would lead to massive additional costs”, worries Upper Austrias minister Josef Pühringer from the Peoples Party about the Socialdemocratic wish.

Official indications confirm additional costs in a value of 40 million Euro. The sum consits of 26 million Euro interest duty, and 14 million Euro for an increase of stock up to 200 million Euro.