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BayernLB Bought Hypo Group Alpe Adria above Value

Published: January 16, 2014; 20:22 · (Vindobona)

Apparently former member of BayernLB’s supervisory board acquired Hypo Group Alpe Adria above its value.

BayernLB Bought Hypo Group Alpe Adria above Value / Picture: © BayernLB

According to the public prosecution in Munich, the former member of BayernLB’s supervisory board bought Hypo Group above its value. Contrary to the agreement, BayernLB offered more than € 1.6bn for the bank during the purchase negotiations on May 14, 2007 which is more than the pre-agreed purchase price of € 1.5bn, as becomes evident by the accusation against former board…

This article includes a total of 241 words.

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