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Austria: Alpine Turns Out a Big Burden For FCC
The construction company has avoided bankrupcy and is save – for the time being.
Austria: Alpine Turns Out a Big Burden For FCC / Picture: © Vindobona.org
Apart from the € 300 million of losses, there will be an ajustment of the value. The approved debt waiver of the banks is valid until March 2015, however, experts fear that the construction company is still feeble. FCC, the Spanish mother company has to spend € 150 million. Half the amount has already been transferred.
At the moment, Alpine has debts of more than € 660…
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