Hypo Alpe Adria to Sell its Italian Subsidiary

Professional Services › Banks ♦ Published: June 1, 2011; 15:14 ♦ (Vindobona)

The Carinthian bank intends to divest its operations in the neighboring country. The subsidiary achieved a profit of € 10.82m in 2010.

Hypo Alpe Adria to Sell its Italian Subsidiary / Picture: © Hypo Alpe-Adria-Bank International AG

Hypo Alpe Adria has officially offered its Italian subsidiary for sale by tender. On Wednesday, a tender notice was published in “Wiener Zeitung” according to which the bank will be sold in an open and transparent bidding process. Last week, Hypo already announced the sale of its Austrian subsidiary. However, interest has been very limited so far.

At the balance sheet press…

or Log In

Fast News Search
Related News
U.S. Embassy on Hypo Group: "Mini-empire in the Balkans" (January 26, 2011)
Hypo Group Purchase by BayernLB was "unrealistic" (January 20, 2011)
Bavaria: "Hypo-Sale was Correct" (December 8, 2010)
Hypo Group: Motives for Purchase of BayernLB Unexplained (December 5, 2010)
Massive Lay Offs at Hypo Group (November 30, 2010)
Hypo Alpe Adria: Involvement in Southeastern Europe to be maintained (November 10, 2010)
Read More
Hypo Group Alpe Adria, Italy, Gottwald Kranebitter, Banking Industry, Carinthia
Featured
See latest Vindobona Newsletter