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

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

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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…