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

Politics ♦ 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: © Vindobona.org

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…