Joint stock company for industry and transport

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AGIV Real Estate AG i. I.
legal form Corporation
ISIN DE0006911324
resolution February 28, 2005
Reason for dissolution Opening of bankruptcy proceedings
Seat Hamburg
Website www.agiv.de

The Aktiengesellschaft für Industrie und Verkehrwesen (AGIV) is a listed former holding company that held a number of industrial holdings and was long part of the BHF Bank . The resulting AGIV Real Estate filed for bankruptcy in December 2004.

history

With effect from 1 January 1974 it came to the merger of the two historical subsidiaries General Lokalbahn- and Kraftwerke AG (ALOKA) and the AG for traffic (AGV), both from the BHF-Bank were controlled to the AG for industry and transport. AGIV was active as an investment company with the areas of construction, mechanical engineering, transport and asset management.

1990s: Concentration on the industrial business

In the 1990s, AGIV concentrated increasingly on mechanical engineering and measurement technology with a series of acquisitions and at the same time gave up the areas of traffic, construction and services as well as minority holdings. At the same time, numerous acquisitions were made in the newly defined core work area. The following were sold: Wayss & Freytag (in 1996), Deutsche Eisenbahn-Gesellschaft (1997), in which all transport activities were bundled, Bayerische Zugspitzbahn AG (1997) and the GAH Group (formerly Kraftanlagen AG) (1998). Likewise were Andritz AG and Barmag AG sold. The last remaining industrial holdings were sold in May 2000.

Realignment on the real estate business and bankruptcy

With the sale of the industrial holdings, AGIV became a real estate company; At this point in time, the AGIV property portfolio comprised 60 properties. These included condominiums in Murnau, a parking garage in Heidelberg, the Gloria-Passage in Berlin on Kurfürstendamm, the OsramHöfe in Berlin-Wedding, office buildings in Hamburg, Lübeck and Munich. The best-known property of the group, the Hackesche Höfe in Berlin, was later sold to a German private investor.

In May 2001, the long-standing shareholder BHF-Bank finally left with the sale of its 49% stake to HBAG Real Estate AG, which then increased its stake in AGIV to 50.05% and then merged with HBAG in July 2002. The company history of HBAG goes back to 1998. The businessman Rainer Behne and his partners took over the shell of the Kühltransit AG Hamburg, founded in 1920, from WCM AG , which however still held 17.5%. The Kühltransit then traded in HBAG Real Estate AG.

In December 2004 AGIV Real Estate had to file for bankruptcy.

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