Subsidiary company of the trade unions
The BGAG subsidiary of unions UAB , formerly subsidiary of unions AG and investment company specializing in social economy AG is a holding company of several German trade unions in the German Trade Union Federation (DGB). It was associated with the other companies of the trade unions in the Federal Association of Public Enterprises .
Holdings
- Financial services and consulting firms
- Bank für Gemeinwirtschaft (BfG Bank, today SEB AG ) - sale 50% in 1986, sale the rest in 2000
- Volksfürsorge Versicherung AG - until 1993, today AMB Generali Group
- Internationale Genossenschaftsbank AG , Basel (46.1% stake)
- Bank für Spareinlagen und Vermögensbildung AG (BSV; later direct bank (DiBa) , today ING-DiBa ) - sold in 1998 to ING 49%, 2001 21% more, 2003 complete.
- Westdeutsche Kreditbank GmbH (WTB), Cologne
- Bau- und Handelsbank AG , Frankfurt
- Consulting company for commercial construction mbH (BEGEBAU)
- Official Home Office (BHW) - until 2005
- Allgemeine Hypotheken Bank Rheinboden (AHBR) - until December 2005, sold to investment company Lone Star
- property
- New home town planning and subsidiaries - until 1998
- General Housing Assets AG (ALLWO) - until 1996 (today various subsidiary ABM Generali)
- co op AG - until 1989
- Baubecon Holding, Hanover - until 2005
- GGI mbH, commercial real estate
- Boswau & Knauer AG, Bremen
- Information and knowledge
- Book guild Gutenberg Verlags GmbH - until 1998
- Bund-Verlag - until December 2008
- ISA CONSULT GmbH (in liquidation)
- insight Verlagsgesellschaft mbH
- Union Druckerei und Verlagsanstalt GmbH (cessation of operations on December 31, 2003)
- Gemeinwirtschaftliche Datenververarbeitung-GmbH
- Deutsche Druck- und Verlages GmbH and Co. KG
development
In 1974 the BGAG was founded from the BfG Bank and several existing companies in union ownership such as B. the new home Hamburg incorporated into the BGAG. BGAG Holding had the task of increasing the assets of the trade unions involved.
After the failed sale of the Neue Heimat for 1 DM in 1986 to Horst Schiesser , the Neue Heimat was wound up. A large part of the housing stock was sold to the housing associations of the federal states, in some cases with considerable losses.
To further reduce debt, all investments in the financial services sector were gradually sold, most recently at the end of 2005 the BHW shares to Postbank and AHBR (Allgemeine Hypothekenbank Rheinboden ) to the US financial investor Lone Star .
Volksfürsorge was also sold, which is now part of the AMB Generali Group, a subsidiary of the Italian Generali.
On September 22, 2006 it became known that a larger real estate package (46 properties) of GGI was to be sold to British or US investors, including ten union houses in the east (one example: the Volkshaus Leipzig ) and one in the old federal area. On December 18, 2006, the sales contract was signed with the fund management company Cerberus . In 2009, however, the Volkshaus Leipzig was repurchased by the ver.di union .
executive Director
| Period | Surname |
|---|---|
| 1987-1997 | Hans Matthöfer |
| 1997-2005 | Rolf-Jürgen Freyberg |
| since 2006 | Helmut Balthasar and Thomas Oberle |
Web links
- BGAG website
Individual evidence
- ↑ http://coforum.de/?Volkshaus_Leipzig
- ↑ http://www.jungewelt.de/2006/12-21/057.php
- ↑ BGAG self-presentation. Retrieved October 6, 2010 .