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Hypo Group: Motives for Purchase of BayernLB Unexplained
In 2007, when the Carinthian Hypo Group Alpe Adria was sold to the BayernLB, there were many critical technical opinions. The Bavarians bought despite them.
Hypo Group: Motives for Purchase of BayernLB Unexplained / Picture: © Hypo Alpe-Adria-Bank International AG
BayernLB, which took over 51% of the Hypo Group Alpe Adria in May 2007, appeals to "defective information" in its claim for damages against the former sellers. The investigation by the justice and the politicians accordingly focuses on the situation of the bank before the purchase. It is clear however that the Bavarians were in possession of information.
The counseling agency…
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