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Croatian Subsidiary of Alpine Said to be Insolvent
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…
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