Hypo Group: Sale of Assets in SEE to Take Forms

Politics ♦ Published: September 29, 2013; 22:11 ♦ (Vindobona)

The nationalized Austrian bank Hypo Group sells its assets in Southeastern Europe. The SEE-holding company will be established until the beginning of October.

Hypo Group: Sale of Assets in SEE to Take Forms / Picture: © Wikipedia / JJ55 (30 March 2008)

In order to facilitate the sale of the subsidiaries in the Balkan region, Hypo Group will bundle the affiliates and the leasing units in Slovenia, Croatia, Bosnia, Serbia and Montenegro. At the beginning of September, the European Commission extended the sales period for two more years. As a result, the SEE-holding should be liquidated until 2015. Initially, the European Commission…

or Log In

Fast News Search
Related News
Austria: Fitch Confirms Triple A (September 28, 2013)
Keuschnigg: Losses of Hypo Compensated by Privatizations (September 20, 2013)
Austrian Banking Sector Proves Stable (September 18, 2013)
CESEE Banking: Funding Improves (September 18, 2013)
Austria: Fekter Demands “More Intelligent Model“ for Hypo (September 17, 2013)
Read More
CESEE, Slovenia, Croatia, Bosnia and Herzegovina, Serbia, Montenegro, Maria Fekter, Hypo Group Alpe Adria, Lending, Banking Industry, Bad Banks, Fiscal Policy, Budget Deficit, Public Debt, OeNB Austrian National Bank, FMA Financial Market Authority
Featured
See latest Vindobona Newsletter
Sponsored