Hypo Group: Government Hopes For Expansion of Deadline

People ♦ Published: July 1, 2013; 10:37 ♦ (Vindobona)

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

Hypo Group: Government Hopes For Expansion of Deadline / Picture: © Flickr / Werner Faymann, Thomas Jantzen

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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