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Hypo Group: Problems in Italy
The Austrian banking group, which was nationalized in 2009, must downsize. The sale of the Italian subsidiary proves difficult, however.
Hypo Group: Problems in Italy / Picture: © Hypo Alpe-Adria-Bank International AG
Hypo Group Alpe Adria does not find a buyer for its Italian subsidiary. At least, Hypo Group has no time pressure as there is no deadline. The Italian subsidiary has never been loss making.
According to corporate spokesman Nikola Donig, there is no market for an Italian bank at the moment. “All the more if the sale should be finished quickly.” As a result, Hypo Group…
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