BayernLB Rejects Settlement with Hypo Group
Sponsored Content
The German banking group and its former Austrian subsidiary do not reach a compromise. BayernLB wants Hypo Group to repay a loan of € 2.3bn.
BayernLB Rejects Settlement with Hypo Group / Picture: © BayernLB
At the end of 2009, when Hypo Group was sold to the Austrian state, BayernLB granted a major loan to Hypo Group. The remaining loan with a size of € 2.3bn is due in 2013. In total, the sum in dispute comes at € 4.0bn.
In December, the management board and the shareholders of the Austrian nationalized bank resolved to stop payments to the former owner BayernLB. According to…
or Log In
Sponsored Content
Fast News Search
Sponsored Content