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Capital Injection for Hypo Group Approved
People ♦
Published: December 13, 2013; 15:26 ♦ (Vindobona)
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In the general assembley of Hypo Group the path was cleared for a further capital injection in the amount of € 800m.
Capital Injection for Hypo Group Approved / Picture: © Wikipedia / JJ55 (30 March 2008)
After Hypo Group received € 250m in capital aid at the end of November already, the path for a new capital injection was cleared.
In the first half year 2013 an amount of € 700m was granted which makes a total of € 1.75bn provided by the taxpayers. Since the year 2008 € 4.8bn including state bonds have been injected into the ailing bank of which € 3.6bn consists of…
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