Alpine: Future Still Highly Uncertain

Business › n.a. ♦ Published: February 28, 2013; 19:48 ♦ (Vindobona)

Today, Alpine´s creditors decide whether the financially stricken construction company will be restructured.

Alpine: Future Still Highly Uncertain / Picture: © Alpine Logo Press Photo

According to insiders, the creditors will agree on a standstill. Alpine´s main creditors will have to accept a waiver, analysts say. In total, the expected waiver is expected to come at € 280m. This corresponds to 35% to 40% of the loans. The last standstill agreement expires at midnight tonight. 95% of the creditors must approve the waiver. Otherwise Alpine may has to file for…

or Log In

Fast News Search
Related News
Austria: Final Talks about the Future of Alpine (February 25, 2013)
Alpine: Creditors Face Haircut (February 2, 2013)
Alpine: New Management Under Pressure (December 29, 2012)
FCC Considers Downsizing Alpine (October 20, 2012)
Alpine: Best Bidder in Slovakia (April 18, 2012)
Read More
Alpine, Erste Group, Banking Industry, Spain, FCC, Construction Industry, Andreas Treichl, Downsizing, Restructuring
Featured
How the People’s Republic of China Leverages Its Membership in Multilateral Organizations to Advance Its Geopolitical Interests
How China's Global Infrastructure Strategy Undermines European Integration in the Western Balkans and Beyond
See latest Vindobona Newsletter