FCC Considers Downsizing Alpine

Other Countries ♦ Published: October 20, 2012; 15:45 ♦ (Vindobona)

The financially stricken Austrian construction company may sell several business units. A sale of Alpine seems unlikely.

FCC Considers Downsizing Alpine / Picture: © Vindobona.org

Alpine urgently needs fresh funds. At the moment, the company negotiates with its creditors in order to extend maturing loans. The precise need for capital is not known yet. According to the news magazine “profil”, the creditors call FCC to inject € 150m in Alpine. Insiders say that Alpine´s liquidity requirement comes at € 75m. In order to improve the company´s equity and…

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