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Austria: Hypo Group Still Sailing in Stormy Waters
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Published: March 12, 2013; 09:56 ♦ (Vindobona)

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Hypo Group wants a fast selling until the end of 2013. Vending of Italian and CESEE subsidiaries could take longer as the economic situation is not appealing at the moment.

There seems no end to the debate about the nationalized bank Hypo which was formerly part of the German BayernLB. First of all, there is the multi-billion Euro lawsuit by former parent company BayernLB. Then, there is the EU commission pressing the Austrian government, which up to now has spent approx. € 1.85bn since the nationalization in 2009, for a fast closure of the bank. EU…
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