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Hypo Group: Sale of Austrian Unit „at a Late Stage”

Published: February 16, 2013; 19:12 · (Vindobona)

According to Hypo Group, the results of the Austrian unit for 2012 are “highly satisfying”.

Hypo Group: Sale of Austrian Unit „at a Late Stage” / Picture: © Wikipedia / JJ55 (30 March 2008)

The nationalized Austrian bank said that the privatization of the main unit will take place in 2013. “This aim is still very realistic and it is still a clear goal of our company.” the bank said. The estimated net value of the Austrian unit comes at approximately € 150m. “The talks with potential investors are already in an “advanced stage”. According to insiders, about five…

This article includes a total of 215 words.

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