Aktiengesellschaft für Industrie und Verkehrswesen

The Aktiengesellschaft für Industrie und Verkehrswesen (AGIV) was a German listed holding company that held a range of industrial participations and was long associated with the BHF-Bank. It was created with effect from 1 January 1974 through the merger of two historic holding companies, the Allgemeine Lokalbahn- und Kraftwerke AG (ALOKA) and the AG für Verkehrswesen (AGV), both of which were controlled by the BHF-Bank. As a holding company, AGIV operated in the fields of construction, mechanical engineering, transport, and asset management. During the 1990s, AGIV increasingly focused on mechanical engineering and measurement technology through a series of acquisitions, while divesting its transport, construction, and services divisions as well as minority holdings. Among the businesses sold were Wayss & Freytag (1996), Deutsche Eisenbahn-Gesellschaft (1997), Bayerische Zugspitzbahn AG (1997), and the GAH-Gruppe (formerly Kraftanlagen AG) (1998). Andritz AG and Barmag AG were also sold. The last remaining industrial participations were sold in May 2000. With the sale of its industrial holdings, AGIV became a real estate company. Its property portfolio at that time comprised 60 objects, including condominiums in Murnau, a parking garage in Heidelberg, the Gloria-Passage in Berlin on the Kurfürstendamm, the OsramHöfe in Berlin-Wedding, and office buildings in Hamburg, Lübeck, and Munich. The group's best-known property, the Hackesche Höfe in Berlin, was later sold to a German private investor. In May 2001, the long-standing shareholder BHF-Bank exited by selling its 49% stake to HBAG Real Estate AG, which subsequently increased its share in AGIV to 50.05% and then merged with HBAG in July 2002. In December 2004, AGIV Real Estate had to file for insolvency. The company's website later carried a correction dated 11 December 2006 regarding statements made in an ad hoc announcement of 31 May 2005.

The Aktiengesellschaft für Industrie und Verkehrswesen (AGIV) was a German listed former holding company that held a number of industrial participations and was long attributable to the BHF-Bank. It emerged with effect from 1 January 1974 from the merger of two historic holding companies, the Allgemeine Lokalbahn- und Kraftwerke AG (ALOKA) and the AG für Verkehrswesen (AGV), both controlled by the BHF-Bank. As a holding company, AGIV was active in the areas of construction, mechanical engineering, transport, and asset management. In the 1990s, AGIV increasingly concentrated on mechanical engineering and measurement technology through a series of acquisitions, while at the same time divesting its transport, construction, and services divisions as well as minority holdings. Numerous acquisitions were made in the newly defined core business area. Among the businesses sold were Wayss & Freytag (1996), Deutsche Eisenbahn-Gesellschaft (1997), in which all transport activities were bundled, Bayerische Zugspitzbahn AG (1997), and the GAH-Gruppe (formerly Kraftanlagen AG) (1998). Andritz AG and Barmag AG were also sold. The last remaining industrial participations were sold in May 2000. With the sale of the industrial participations, AGIV became a real estate company; at that time the AGIV real estate portfolio included 60 objects. These included condominiums in Murnau, a parking garage in Heidelberg, the Gloria-Passage in Berlin on the Kurfürstendamm, the OsramHöfe in Berlin-Wedding, and office buildings in Hamburg, Lübeck, and Munich. The group's best-known object, the Hackesche Höfe in Berlin, was later sold to a German private investor. In May 2001, the long-standing shareholder BHF-Bank exited by selling its 49% stake to HBAG Real Estate AG, which subsequently expanded its share in AGIV to 50.05% and then merged with HBAG in July 2002. The corporate history of HBAG reaches back to 1998. The businessman Rainer Behne, together with partners, took over the listed shell of the Kühltransit AG Hamburg, founded in 1920, from WCM AG, which however continued to hold 17.5%. Kühltransit was subsequently renamed HBAG Real Estate AG. In December 2004, AGIV Real Estate had to file for insolvency. The company's website later carried a correction dated 11 December 2006 concerning statements made in an ad hoc announcement of 31 May 2005.

• 2006

  Correction dated 11 December 2006 regarding statements in the ad hoc announcement of 31 May 2005.

• 2004

  AGIV Real Estate files for insolvency in December 2004.

• 2002

  HBAG increases its share to 50.05% and merges with AGIV in July 2002.

• 2001

  BHF-Bank sells its 49% stake to HBAG Real Estate AG in May 2001.

• 2000

  Sale of the last remaining industrial participations in May 2000.

• 1998

  Sale of the GAH-Gruppe (formerly Kraftanlagen AG).

• 1997

  Sale of Deutsche Eisenbahn-Gesellschaft and Bayerische Zugspitzbahn AG.

• 1996

  Sale of Wayss & Freytag.

• 1974

  Merger of Allgemeine Lokalbahn- und Kraftwerke AG (ALOKA) and AG für Verkehrswesen (AGV) to form AGIV, effective 1 January 1974.

A listed German holding company that shifted from diversified industrial participations to a real estate focus before entering insolvency.

• Industrial participations

• Mechanical engineering holdings

• Measurement technology holdings

• Real estate properties

1. 1AGIV Mitteilung - Homeagiv.de
2. 2Aktiengesellschaft für Industrie und Verkehrswesenwikidata.org
3. 3Aktiengesellschaft für Industrie und Verkehrswesende.wikipedia.org