Hypo Group: CESEE Units to be Sold Until Mid-2015
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Published: July 1, 2013; 19:44 ♦ (Vindobona)
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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…
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