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Austria: FMA Approves of Sale of Hypo Group
Politics ♦
Published: October 9, 2013; 13:29 ♦ (Vindobona)
The Financial Market Authority has given green light for the selling of Austrian problem bank Hypo Alpe Adria to Indian Srei Group.
Austria: FMA Approves of Sale of Hypo Group / Picture: © Hypo Alpe-Adria-Bank International AG
According to a spokesman of the authority, a notification of non-prohibition was issued on Tuesday. The deal is supposed to be finished by the end of the year.
Anadi Financial Holdings of Indian/British entrepreneur Sanjeev Kanoria pays € 65.5m for the bank stores in the province of Carinthia, Vienna and Salzburg. The company regards the approval of the Financial Market…
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