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Hypo Group Purchase by BayernLB was "unrealistic"
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Published: January 20, 2011; 00:01 ♦ (Vindobona)

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The former chairman of BayernLB’s Supervisory Board said that the bank cheated itself on the purchase of the Hypo Group.

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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