Sponsored
Article Tools

HYPO Group: Further Liabilities Necessary?

Published: October 25, 2010; 15:15 · (Vindobona)

The Carinthian HYPO Group would suffer massive losses should it sell its real estate in the Balkans. Due to the write-offs, new liabilities of the Republic might be required.

HYPO Group: Further Liabilities Necessary? / Picture: © Hypo Alpe-Adria-Bank International AG

The emergency-nationalized in 2009 HYPO Group Alpe Adria Group might need further support from taxpayers because of speculations.

The reason for the new need of liabilities is that assets currently could only be sold below their book value, because the real estate markets in the Balkan countries have plummeted since 2008. This involves a volume of 1.5 billion euro, comprising…

This article includes a total of 243 words.

or Log In

Fast News Search
Related News
Hypo-Group: Bavarian Lawsuit Against Carinthia (October 18, 2010)
Hypo Alpe-Adria: 25% of the Slovenian Merkur DIY Chain Put Up for Sale (October 5, 2010)
New Connection Between Mandarin Group and Karl-Heinz Grasser (October 1, 2010)
BayernLB has to Wait 7 Years for 3.9 Billion from Carinthia (September 28, 2010)
Hypo Alpe Adria: Greek Entrepreneur Xeniadis Signals his Interest in Buying (September 16, 2010)
Hypo: 700,000 € go from Berlin to KPMG (September 13, 2010)
Hypo Alpe-Adria-Bank - The new Group Press Officer (September 9, 2010)
Hypo Alpe Adria - shareholders' meeting approves capital increase (June 21, 2010)
Hypo-Alpe-Adria - Carinthia and Bayern to co-operate (May 28, 2010)
Read More
Capital Markets, Liquidity, Real Estate Industry, Johannes Ditz, Gottwald Kranebitter, Ministry of Finance, Carinthia, HGAA, Hypo Group Alpe Adria, Guarantee, Warrants
Featured
List of National Days of the home countries of all foreign Missions and Delegations in Vienna, Austria
See latest Vindobona Newsletter