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Hypo Group Plans to Sell Austrian and Italian Subsidiary

Published: October 25, 2011; 19:39 · (Vindobona)

The nationalized bank continues its downsizing program. Major parts shall be privatized again now.

Hypo Group Plans to Sell Austrian and Italian Subsidiary / Picture: © Hypo Alpe-Adria-Bank International AG

Hypo Group´s CEO Gottwald Kranebitter emphasizes the bank´s plans to privatize substantial parts. So, the Austrian and the Italian subsidiaries should be sold. The plans for this major step already existed before, but the market situation did not allow a sale yet. Now, the bank starts a new try to downsize itself.

Hypo Group´s executive board decided to restructure the…

This article includes a total of 188 words.

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