Alpine to Be Shut Down

People ♦ Published: June 24, 2013; 11:07 ♦ (Vindobona)

Bankrupt-gone construction company Alpine is facing a breaking down. After negotiations about establishing a rescue company failed, the enterprise will apply for a shutdown.

Alpine to Be Shut Down / Picture: © Alpine Logo Press Photo

According to liquidator Stephan Riel there had been intensive talks about a rescue solution over the weekend. The negotiations for the option of a take over were taking place on the initiative of Economy Minister Reinhold Mitterlehner and Social Minister Rudolf Hundstorfer. According to the liquidator, Alpine’s liquid means come at € 5.7m only. However, the cashflow requirements…