Austria Bought Time for Examining Hypo Deal

People ♦ Published: December 23, 2013; 18:03 ♦ (Vindobona)

Austria was granted more time for a possible appeal of the purchase of problem bank Hypo Group Alpe Adria from former parent company BayernLB.

Austria Bought Time for Examining Hypo Deal / Picture: © Wikipedia / JJ55 (30 March 2008)

The Austrian state has one more year to examine an appeal of the purchase of ailing Hypo Group. As confirmed by both sides, BayernLB granted the Austrian Finance Ministry a respite until the end of 2014 which is the time until Austria can file a claim for deception.

On December 31, the time would have expired for Austria to appeal against the purchase. Two expert reports have…

or Log In

Fast News Search
Related News
„No Debt-Backed Tax Reform“ (December 23, 2013)
Austria: Bank Rescue Massive Burden for Public Finance (December 21, 2013)
Austria: Rules for Bank Tax to Be Changed (December 20, 2013)
Austria: Options of Bad Bank for Hypo under Examination (December 20, 2013)
Hypo Group´s Bankruptcy: Major Threat for Raiffeisen Sector (December 19, 2013)
Read More
Horst Seehofer, Michael Spindelegger, Leaders, Banking Industry, BayernLB, Hypo Group Alpe Adria, Germany, Justice, Bankruptcy, Downsizing, Privatizations, Nationalization
Featured
See latest Vindobona Newsletter