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Croatian Subsidiary of Alpine Said to be Insolvent

Published: May 8, 2012; 18:18 · (Vindobona)

Osijek Koteks, the Croatian subsidiary of the Austrian construction group faces severe problems. According to rumors, Osijek Kotekts is illiquid.

Croatian Subsidiary of Alpine Said to be Insolvent / Picture: © Alpine Logo Press Photo

The Croatian news magazine “Nacional” reports that Osijek Koteks is endangered to file for bankruptcy. The Salzburg-bases Alpine Holding has a 70% stake in Osijek Koteks. “Nacional” reports that all bank accounts are blocked. Moreover, the management is said to have asked its subcontractors to write off their claims by 30%.

Anyway, the Croatian enterprise has considerable…

This article includes a total of 193 words.

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