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Hypo Group: Government Hopes For Expansion of Deadline
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Published: July 1, 2013; 10:37 ♦ (Vindobona)

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The restructuring plan for Hypo Group has been handed in to Brussels. It is still unclear whether the deadline will be expanded.

The Austrian Finance Ministry has handed in the restructuring concept for the ailing banking institute Hypo Alpe-Adria Group. According to EU Coucil circles, the plan has already been received. However, there were no informations about the details.
According to a spokesman of EU Competition Commissioner Joaquin Almunia, a decision will be made soon. The restructuring concept has…
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