Bosnian Billionaire to Acquire Hypo Group?

People ♦ Published: April 4, 2014; 12:26 ♦ (Vindobona)

The Finance Ministry confirmed the announcement and is now examining the offer.

Hypo Group is focusing on selling its CESEE branch. / Picture: © Vindobona.org

As reported by Austrian daily “Österreich”, Bosnian billionaire Ivan Zilic has expressed interest in taking over Hypo Group Alpe Adria. According to the daily, Zilic expressed his willingness to take over Hypo Group and its debts in return for € 3bn, which the Austrian Republic is supposed to pay. Finance Minister Michael Spindelegger confirmed the existance of this offer and…

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