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BayernLB Threatens Hypo Group with Damage Claims

Published: March 26, 2014; 13:22 · (Vindobona)

BayernLB, former parent company of Hypo Group Alpe Adria International, is threatening to claim damages from its former affiliate.

BayernLB claims to be in a "very good legal position." / Picture: © BayernLB

Since Hypo Group has refused to pay the loan running in the billions, granted by BayernLB, the former German parent company had to carry out an alienation of core capital, as announced by CEO Gerd Häusler. Therefore, the bank considers claiming damages after having examined the disadvantages, as announced by Häusler during a press conference of BayernLB.

The CEO reiterated that…

This article includes a total of 214 words.

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