Alpine: Funding is Secured

IndustrialsConstruction ♦ Published: November 10, 2012; 15:30 ♦ (Vindobona)

The financially stricken construction company has reached an agreement with its creditors.

Alpine: Funding is Secured / Picture: © Alpine Logo Press Photo

Until February 2013, the loans will not become due. This was reported by “Salzburger Nachrichten” first. The construction company did not confirm the report yet. 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. Alpine, which is a wholly-owned subsidiary of the…

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