Hypo Group: Major Risk Factor for BayernLB

Business › n.a. ♦ Published: August 18, 2012; 19:56 ♦ (Vindobona)

The former owner of Hypo Group Alpe Adria, which was nationalized in 2009, may write down up to € 3.1bn.

Hypo Group: Major Risk Factor for BayernLB / Picture: © BayernLB

In 2008, when BayernLB was the major owner of Hypo Group, the holding company granted a loan of € 3.1bn to its subsidiary. These funds may be written down.

According to an Austrian expert opinion, the loan may be qualified as hidden capital contribution. BayernLB may have granted to loan in order to disguise the problems of Hypo Group. If the expert opinion proves true, Hypo…

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