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Downsizing: Hypo Group Aims to Achieve Proceeds of € 1.5bn

Published: May 21, 2012; 13:34 · (Vindobona)

The nationalized Austrian banking group Hypo Group Alpe Adria starts its sales program in SEE countries and wants to achieve proceeds of € 1.5bn

Downsizing: Hypo Group Aims to Achieve Proceeds of € 1.5bn / Picture: © KPMG - Pressefoto Gottwald Kranebitter

After the restructuring of the interests in South-Eastern –Europe, Hypo Group plans to sell its foreign participations. Proceeds of € 1.5bn are expected at least. The nationalized banking group will sell six banks and three leasing companies in five countries of former Yugoslavia.

According to CEO Gottwald Kranebitter, Hypo Group is fully in line with the time schedule.…

This article includes a total of 428 words.

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