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Hypo Group Purchase by BayernLB was "unrealistic"
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Published: January 20, 2011; 00:01 ♦ (Vindobona)
The former chairman of BayernLB’s Supervisory Board said that the bank cheated itself on the purchase of the Hypo Group.
Hypo Group Purchase by BayernLB was "unrealistic" / Picture: © Vindobona.org
Within the framework of the investigation committee on the Hypo Group, the Austrian and German prosecutors said: "The circumstances of the acquisition of Hypo Alpe Adria by the by BayernLB have been largely clarified. A continuation of the cooperation of the joint investigation team has been agreed on."
Accordingly, the first indictments are expected soon. The initial assumption…
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