Hypo Group Prepares for Sale

Businessn.a. ♦ Published: May 4, 2012; 17:46 ♦ (Vindobona)

The nationalized Austrian Hypo Group Alpe Adria sells its subsidiaries step by step. Before, the units should be spiced up.

Hypo Group Prepares for Sale / Picture: © Wikipedia / JJ55 (30 March 2008)

At the moment, Hypo Group has no easy task. The nationalized bank is looking for a buyer for its units for months. First, the Austrian and the Italian unit of Hypo Group will be sold. Currently, the banking group is in the “sounding” phase. The investment bank JP Morgan, which sells the units on behalf of Hypo Group, saw a potential buyer in Bank Austria. However, Bank Austria was…