!!!Volksaktien

People´ s Shares, name of a broadly diversified portfolio of 
shares with low par value closely related to privatisation initiatives 
after the end of the Second World War. In Austria, not only were 
state-held shares in big banks (CA and Laenderbank AG) sold between 
1957 to 1965 in the form of People´s Shares, but shares in 
former USIA-companies (Russian ownership) and enterprises formerly 
owned by German nationals had to be privatised in the same way under 
article 47 of the first State Treaty Implementation Act. The sales 
were implemented by Oesterreichische Vermoegensschutz GmbH, a company 
founded solely for that purpose.

!Literature
H. Anheuer, Die Volksaktien auf dem Pruefstand, in: 
Wirtschaftspolitische Blaetter 2, 1956; P. Ehgartner, Volksaktien 
als Instrument der Privatisierung in Oesterreich seit 1945, 
master´s thesis, Vienna 1994.


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