Hypo Group Alpe Adria Splits Operations

Business › n.a. ♦ Published: April 26, 2012; 12:34 ♦ (Vindobona)

The nationalised Austrian banking group Hypo Group Alpe Adria plans to shift assets from its Austrian bank unit to the group holding company.

Hypo Group Alpe Adria Splits Operations / Picture: © Wikipedia / JJ55 (30 March 2008)

This measure should help pave the way for a divestment when market conditions allow, it said on Thursday. The move means Hypo Alpe Adria Bank AG remains a wholly owned unit, but some of its non-core assets will migrate to the Hypo Alpe Adria International AG parent.

The strategic core business should remain at Hypo Alpe Adria Bank, other parts are taken over by Hypo Alpe Adria…

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