Treuhandanstalt


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Treuhandanstalt

An agency of the German government charged with privatizing numerous state-owned companies in East Germany. Created a few months before the reunification of Germany in 1990, Treuhandanstalt was responsible for 8,500 publicly-owned companies. It privatized many; this was controversial as it necessitated the laying off of two and a half million state employees. The agency was dissolved in 1994 and its remaining assets were transferred to successor agencies. The term "Treuhandanstalt" is German for "trust agency."
References in periodicals archive ?
It was at first managed by the Treuhandanstalt (the public-law Trust Agency managing the privatisation of all major state-owned enterprises) and then sold to Compagnie Immobiliere Phenix, a subsidiary company of Compagnie Generale des Eaux (later Vivendi Universal), a French multi-branch conglomerate.
While the final decision on the continuation of East German commercial enterprises was made by a special state department called Treuhandanstalt (trustee agency) based on a strict criteria of efficiency, political-normative considerations played an important role when assessing organizations in the state sector like elite sport development programs.
Greece should look to the experience of the Treuhandanstalt agency in privatizing essentially uneconomic enterprises in East Germany in the 1990s.
Before that, she worked for the RWE Group as Managing Director/CFO of subsidiary Lahmeyer International (Germany) and for Schlumberger Group (USA, Norway, Germany) and Treuhandanstalt.
2011) Ermittlung der Verkehrswerte von kontaminierten Grundstucken im Treuhandnachfolgebereich nach der neuen Immobilienwertermittlungsverordnung [Determination of the market value of contaminated areas in succession of the German Treuhandanstalt according to the new German ordinance on the valuation of property / real estate], Altlastenspektrum, 20(2), pp.
Juncker, who chairs meetings of euro zone finance ministers, suggested setting up a Greek version of Germany's so-called Treuhandanstalt agency in an interview with news weekly Der Spiegel, excerpts of which were released on Saturday.
Germany is represented by BvS, the legal successor of Deutsche Treuhandanstalt, the German public body, which was in charge of managing GDR assets.
Aldag held senior management positions at MAN, the German Privatization Agency Treuhandanstalt, and at Daimler Benz.
The current owner purchased the palace in 1992 from Treuhandanstalt (National Trust) and by 1995 had completely renovated the citadel, filling it with rare and charming pieces of architecture.
4) Rather, the process of adaptation to a market economy was put in the hands of a government agency, the Treuhandanstalt, which thus became the temporary owner of over 8000 firms.
See Roland Czada, The Treuhandanstalt and the Transition from Socialism to Capitalism, in A NEW GERMAN PUBLIC SECTOR?
Schroder was a director of the Treuhandanstalt, the governmental agency charged with restructuring East German industry following reunification where he was responsible for executing more than 75 divestiture transactions in a range of industries.