Bavaria: "Hypo-Sale was Correct"

People ♦ Published: December 8, 2010; 21:19 ♦ (Vindobona)

The issue Hypo Alpe Adria preoccupies not only the Austrian justice: Bavaria's Prime Minister Horst Seehofer defended the sale to Austria.

Bavaria: "Hypo-Sale was Correct" / Picture: © BayernLB

The 2007 purchase of the Carinthian Hypo Group by BayernLB, majority owned by the State of Bavaria, creates political dynamite in Munich. A committee of inquiry set up there is to clarify the events The focus is on issues concerning the purchase and sale of the bank. Prime Minister Horst Seehofer has been called as witness.

In 2009, the bank was “sold” by BayernLB to the…