Austrian Construction Group Alpine Rescued

Businessn.a. ♦ Published: March 4, 2013; 11:49 ♦ (Vindobona)

For the time being, Alpine´s bankruptcy could be prevented. The creditors agreed on a partial waiver.

Austrian Construction Group Alpine Rescued / Picture: ©

Yesterday in the late evening, the talks between Alpine´s management and the company´s creditors came to an end. Alpine announced that the solvency is secured. “The creditors will participate in the debt waiver.” corporate spokesman Johannes Gfrerer said. “We have fought for a solution for the 15,000 workers by all means.” Alpine´s management added.

First of all, the…