Sponsored
Article Tools

Hypo Group: CESEE Units to be Sold Until Mid-2015

Published: July 1, 2013; 19:44 · (Vindobona)

The threatened compulsory sale of nationalized Hypo Alpe Adria Group by the EU Commission until the end of this year, was, according to information by the Finance Ministry, fended off. An additional burden of € 2bn might await the Austrian taxpayers.

Hypo Group: CESEE Units to be Sold Until Mid-2015 / Picture: © Wikipedia / JJ55 (30 March 2008)

On Monday, the Finance Ministry announced that the selling of all units until the end of 2013 was successfully fended off in the negotiations. The federal republic has handed in the new restructuring plan in the state aid proceedings.

The most essential contents of the winding down concept, as formulated by the Austrian government:

  • The Austrian bank will be sold in…
This article includes a total of 482 words.

or Log In

Fast News Search
Related News
Hypo Group: Government Hopes For Expansion of Deadline (July 1, 2013)
Raids at Hypo Group in Italy (June 25, 2013)
Fekter: „Bad Bank for Hypo Not The Most Creative Solution“ (June 12, 2013)
Hypo Group: Possible Deductions from Selling Price (June 5, 2013)
Austria: Hypo Alpe Adria Group and Anadi Financial Holdings Pte. Ltd. Signed Deal (May 31, 2013)
Read More
Italy, Brussels, CESEE, Joaquin Almunia, Maria Fekter, Leaders, Hypo Group Alpe Adria, Banking Industry, Monetary Policy, Restructuring, Budget Deficit, Capital Increase, Downsizing, Nationalization, Privatizations, Fiscal Policy, Western Balkans
Featured
Meet the New Ambassador of the Republic of Ecuador to Austria: H.E. Mr. Roberto Betancourt Ruales
Meet the Ambassador of the Republic of India to Austria: H.E. Ms. Renu Pall
Updated Directory of Foreign Ambassadors in Austria 2019
List of National Days of the home countries of all foreign Missions and Delegations in Vienna, Austria
See latest Vindobona Newsletter