Alpine: Financial Difficulties Existed Longer Than Assumed So Far

Industrials › Construction ♦ Published: July 27, 2013; 12:46 ♦ (Vindobona)

The crisis of insolvent construction company Alpine goes back much farther than assumed so far. The company had problems in 2009 already to settle invoices.

Alpine: Financial Difficulties Existed Longer Than Assumed So Far / Picture: © Alpine Logo Press Photo

This was reported by Austrian news magazine “profil” on Saturday which got hold of a kind of documentation about the circumstances in form of an email diary of a former senior executive. From 2009 on, the main issues of the internal conversations on senior management level are liquidity problems and the escalating accumulation of debt.

According to the magazine, an email from…

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