The B&C Private Foundation was set up in 2000 by Bank Austria and Creditanstalt. Starting in 2000, the private foundation?s former investment holding company B&C Holding (the predecessor of B&C Industrieholding GmbH) acquired a series of core non-banking investments from the two founding entities. In return, the Bank Austria Group was granted asset participation rights, meaning that the majority of the B&C Group?s ongoing earnings and net asset value were assigned to it.
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