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Hypo Alpe Adria - shareholders' meeting approves capital increase
€600m ($740m) of fresh capital, shareholders' meeting approves capital increase. Bank issued €450m ($555m) in form of participation certificates for the Federal Government, State Carinthia contributes €150m ($185m).
Hypo Alpe Adria - shareholders' meeting approves capital increase / Picture: © Hypo Alpe-Adria-Bank International AG
Following the decision of the Supervisory Board last Friday at the General Meeting (AGM) the Hypo Group Alpe Adria decided a capital increase, in form of issuing participation certificates.
This corporate action was already determined in the course of an emergency nationalisation. It provides for the federal government as 100 percent owner of the bank as of June 30th issues a…
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