Hypo Group: Privatization of Balkan Business Until 2015

Politics ♦ Published: April 17, 2014; 13:00 ♦ (Vindobona)

The nationalized problem bank intends to sell its Balkan business within 2014.

Hypo Group will part from its Balkan affiliate until the end of 2014. / Picture: © Vindobona.org

According to the bank’s own information, released during the press conference on financial statements on Thursday in Vienna, “the privatization process has entered a phase in which the concluding of the sale of the network to finance or strategic investors seems realistic in the current business year.” As demanded by the EU Commission the affiliate of Hypo Group Alpe Adria…