Hypo Group: Possible Deductions from Selling Price

People ♦ Published: June 5, 2013; 10:38 ♦ (Vindobona)

The new British-Indian Owner of Hypo Group is to pay only € 32m for the time being.

Hypo Group: Possible Deductions from Selling Price / Picture: © Wikipedia / JJ55 (30 March 2008)

The contract comprises an amount of € 65.5m which British enterprise Anadi Financial Holdings of Indian businessman Sanjeev Kanoria will pay for the Austrian affiliate of the banking institute. This was announced last Friday. The amount is significantly below the book value of € 130m. Yet, in the face of the unfavorable economic environment the result is not so bad.

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