Austria: Capital Increase for Hypo Group Decided

People ♦ Published: April 4, 2014; 10:31 ♦ (Vindobona)

The Austrian problem bank Hypo Group Alpe Adria will receive € 750m in fresh capital.

The general meeting will agree to a capital increase in the amount of € 750m. / Picture: © Wikipedia / JJ55 (30 March 2008)

The measure will be decided on at the general meeting on April 9, as announced by the bank on Thursday. By this, the nationalized financial institute will be sufficiently capitalized – for the time being.

With the capital injection the way for completing the balance sheets, which are expected in mid-April, was paved. According to an ac-hoc press release by the bank, the capital…