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Hypo Group Alpe Adria: Sevelda Rejects „Joint Bad Bank“

Published: February 9, 2014; 21:10 · (Vindobona)

Karl Sevelda, CEO of Vienna-listed RBI (Raiffeisen Bank International), does not want to become shareholder of the common bad bank for the nationalized lender Hypo Group Alpe Adria.

Hypo Group Alpe Adria: Sevelda Rejects „Joint Bad Bank“ / Picture: © Raiffeisen Bank International AG / Press Photo

More than four years after the nationalization, the Austrian government has no sustainable concept. Since the nationalization in late 2009, the Austrian state had injected € 4.8bn into the problem bank.

Now, the Austrian government wants to develop the strategy for the nationalized lender Hypo Group Alpe Adria until the end of February. In essence, there are four options: the…

This article includes a total of 364 words.

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