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.

With…

or Log In

Fast News Search
Related News
Hypo: Ditz to Resign (June 3, 2013)
Austria: Hypo Alpe Adria Group and Anadi Financial Holdings Pte. Ltd. Signed Deal (May 31, 2013)
Hypo Group to Sell Austrian Affiliate (May 29, 2013)
Nowotny: Decision About Bad Bank for Hypo Not Essential Right Now (May 23, 2013)
Srei Group to Offer € 65.6m for Hypo (May 22, 2013)
Read More
Hypo Group Alpe Adria, UK United Kingdom, India, Anadi, Maria Fekter, Monetary Policy, Brussels, Joaquin Almunia
Featured
See latest Vindobona Newsletter