Alpine: Future Still Highly Uncertain

Businessn.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…