Hypo Group Starts Selling Business in SEE

Businessn.a. ♦ Published: November 6, 2012; 16:37 ♦ (Vindobona)

The nationalized Austrian banking group has to downsize drastically. Today, Hypo Group started to put the subsidiaries in Southeastern Europe for sale.

Hypo Group Starts Selling Business in SEE / Picture: © Wikipedia / JJ55 (30 March 2008)

Hypo Group´s business units in Slovenia, Croatia, Serbia, Bosnia and Montenegro are for sale. The business units are held by the Austrian-based SEE Holding. Hypo Group´s subsidiaries consist of banking and leasing units. Deutsche Bank will support the selling process. Offers have to be submitted until 7 December. Hypo Group reserved the right to extend the deadline or to cancel the…