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Alpine: Bondholders to Lose Assets

Published: June 18, 2013; 10:21 · (Vindobona)

On Monday evening the decision was made for the financial reorganization of the Austrian construction company.

Alpine: Bondholders to Lose Assets / Picture: © Alpine Logo Press Photo

During the meeting with creditor banks of ailing construction company Alpine the decision for the financial restructuring was made. However, the banks pushed through the participation of private investors which has not been an issue so far.

“In the opinion of the creditors a sustainable restructuring of Alpine group cannot be conceived without a contribution of the bondholders.…

This article includes a total of 259 words.

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