Alpine’s Fate Hanging By A Thread

Politics ♦ Published: June 13, 2013; 15:16 ♦ (Vindobona)

The fate of Austrian construction company Alpine is hanging by a thread. If negotiations fail Alpine has to face its ruin.

Alpine’s Fate Hanging By A Thread / Picture: © Alpine Logo Press Photo

The fate of the Alpine, which has enter financial difficulties might be decided on soon as there are negotiations with Spanish parent company FCC and creditor bands about a further necessary bridge financing. In case the negotiations fail, Alpine might have to file for insolvency. According to Austrian daily “Kurier” (Thursday’s issue) € 400m from the Spanish parent company is…

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Construction Industry, Banking Industry, Alpine, FCC, Spain, Restructuring, Downsizing, Regional Economic Policy, Equity Markets
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