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Croatia: Hypo Group Losing Last Industrial Participation

Published: October 14, 2013; 16:12 · (Vindobona)

Croatian chemical company Dioki is facing bankruptcy which is why Hypo Group is losing one of the last industrial participations in the country.

Croatia: Hypo Group Losing Last Industrial Participation / Picture: © Wikipedia / JJ55 (30 March 2008)

Petrochemical corporation Dioki on the Croatian island Krk is facing insolvency as creditors have not supported the restructuring plans which is why pre-bankruptcy proceedings that started in March were terminated. At the stock exchange in Zagreb the share dropped by 67 percent down to slightly more than one Euro. Austrian problem bank Hypo Group, which has liabilities of € 40m with…

This article includes a total of 232 words.

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