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Austria: Alpine Holds € 52m in Assets
Politics ♦
Published: October 9, 2013; 15:25 ♦ (Vindobona)

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Creditors of Alpine have very little chances of being compensated after the construction company declared bankruptcy. Currently Alpine holds € 52m in assets.

“We have now established liquid assets of around € 52m,” liquidator Stephan Riel announced on Wednesday after today’s examination hearing at the Commercial Court in Vienna. However, there a claims in the amount of € 30m from employment contracts.
The former second-largest construction company in Austria has caused the biggest insolvency of the Second Republic. The…
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