Sponsored Content
Hypo Group: Settlement Rejected by BayernLB
People ♦
Published: April 1, 2014; 10:40 ♦ (Vindobona)
Sponsored Content
The majority stockholder of BayernLB, the former parent company of Hypo Group Alpe Adria, is not willing to negotiate about a settlement with the Austrian problem bank.
BayernLB rejects any compromise with regard to former affiliate Hypo Group. / Picture: © BayernLB
The Bavarian Finance Minister Markus Söder announced on Monday evening that the State of Bavaria, as the majority holder of regional lender BayernLB, does not see a reason to comply with the Austrian requests and agree on a settlement. “We have a clear legal position and a long breath,” Söder claimed. Hence, BayernLB insists on the repayment of the loan granted to its…
or Log In
Sponsored Content
Sponsored Content
Sponsored Content
Sponsored Content
Fast News Search
Sponsored Content