Alpine: Creditors Face Haircut

IndustrialsConstruction ♦ Published: February 2, 2013; 18:03 ♦ (Vindobona)

The financially stricken Austrian construction company wants its creditors to contribute to the restructuring.

Alpine: Creditors Face Haircut / Picture: © Alpine Logo Press Photo

Alpine, which is a wholly-owned subsidiary of the Spanish FCC Group, has already presented a restructuring concept to its creditors. In 2015, Alpine wants to record black numbers again.

At the moment, Alpine has debts of more than € 660m. The biggest lenders are Erste Group, RLB Upper Austria and Bank Austria. Alpine has more than twelve main creditors. Erste Group comes at €…

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