Article Tools

EU has doubts about realignment of Hypo Alpe Adria

Published: June 22, 2010; 00:00 · (Vindobona)

The European Commission extended the interim approval of state aid to the Austrian bank. The Commission also expressed doubts about the proposed realignment of the Hypo Alpe-business group.

EU has doubts about realignment of Hypo Alpe Adria / Picture: © Hypo Alpe-Adria-Bank International AG

Despite doubts, the EU Commission extended its approval of state aided proposal of business realignment of the Hypo-Alpe-Adria-Group (HGAA). The authorization is valid until the completion of investigations. The authorities in Brussels are concerned that the restructuring can guarantee long term viability of HGAA.

The Carinthian HGAA, a former subsidiary of BayernLB, is the sixth…

This article includes a total of 198 words.

or Log In