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Hypo Group Alpe Adria: Bankruptcy Would Affect Foreign Investors

Published: February 6, 2014; 11:18 · (Vindobona)

In case of an unorderly insolvency of the Austrian nationalized lender, not only Austrian creditors would have to absorb losses. The majority of the bondholders are German and Swiss investors.

Hypo Group Alpe Adria: Bankruptcy Would Affect Foreign Investors / Picture: © Flickr

Hypo Group, which has pursued an aggressive growth strategy in the Balkan region in the years from 2000 to 2008, has an exposure of more than € 35bn.  In case of an unorderly insolvency, the insolvency administrator would have to sell the collaterals of the bad loans, which comprise hotel properties and yachts in the Western Balkan countries. Due to the massive fall in property…

This article includes a total of 437 words.

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