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Hypo Group Denies New Capital Shortfall
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Published: January 25, 2014; 11:27 ♦ (Vindobona)
The nationalized Austrian lender Hypo Group Alpe Adria is said to require fresh founds in the amount of € 500m. The bank´s management claims the opposite.
Hypo Group Denies New Capital Shortfall / Picture: © Vindobona.org
According to the Austrian newspaper “Standard”, Hypo Group Alpe Adria immediately needs capital injections in the amount of € 500m. Insiders report that the capital injection in December 2013 was insufficient.
Alexander Picker, CEO of Hypo Group Alpe Adria denied this information vehemently. „I absolutely reject such rumors.“
Hypo Group´s management board…
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