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Hypo Group: Decision Has Finally Been Made
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Published: March 14, 2014; 10:08 ♦ (Vindobona)
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The government has finally made a decision. Ailing Hypo Group Alpe Adria will be downsized through a private bad bank.
Hypo Group will be downsized through a private bad bank. / Picture: © Vindobona.org
The Austrian government has finally come to a conclusion about the method of how to deal with problem bank Hypo Group. The ailing bank will be downsized through a national bad bank while the affiliates in SEE will be sold as soon as possible. Apart from the SEE network the “rest of Hypo will be transferred to a deregulated private company” and downsized in separate units in order to…
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