Politics

Austria: Alpine’s Bankruptcy Claims Amount to € 4.15bn

Published: October 8, 2013; 14:59 · (Vindobona)

In regard to construction company Alpine’s insolvency, creditors have so far registered claims in the amount of € 4.15bn, as announced by liquidator Stephan Riel in the run-up to Wednesday’s examination hearing.

Austria: Alpine’s Bankruptcy Claims Amount to € 4.15bn / Picture: © Alpine Logo Press Photo

After the examination of 9,600 single claims a preliminary volume of € 1.5bn was accepted. Assets of Alpine cannot be estimated as the sale of properties and construction machines is still ongoing. Creditors will in all likelyhood only be compensated with a small fraction of their investments.

Creditor Protection Association of 1870 (Kreditschutzverband von 1870, KSV) counts on…

This article includes a total of 460 words.

or Log In

Fast News Search

Join us to succeed in Vienna! Sign up to read articles for free and to get personalized updates on the events that interest you.

Austria: Alpine’s Bankruptcy Claims Amount to € 4.15bn

In regard to construction company Alpine’s insolvency, creditors have so far registered claims in the amount of € 4.15bn, as announced by liquidator Stephan Riel in the run-up to Wednesday’s examination hearing.

Join us to succeed in Vienna!
Sign up to read articles for free and to get personalized updates on the events that interest you.