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Alpine: New Management Under Pressure

Published: December 29, 2012; 20:40 · (Vindobona)

The Austrian construction company fights for survival. At the beginning of January, the management has to present a restructuring package.

Alpine: New Management Under Pressure / Picture: © Alpine Logo Press Photo

Until the beginning of January, Alpine´s new CEO Josef Schultheis will present the restructuring program. Above all, Schultheis wants to reach an agreement with the company´s creditors. 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. In autumn, Alpine and its…

This article includes a total of 216 words.

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