Österreichische Industrieholding (ÖIAG), the Austrian state holding company, is selling the rest of its stake in steelmaker Voestalpine in the first combined equity and equity-linked secondary offer from any government, according to JP Morgan.
JP Morgan is financial adviser to ÖIAG and joint bookrunner of the combined offer with Austria's Erste Bank. UBS is financial adviser to Voestalpine and joint lead manager of the equity sale.