Hypo Group to be Renamed after Sale

People ♦ Published: October 31, 2013; 15:44 ♦ (Vindobona)

After the closing of the sale future owner of Hypo Group Alpe Adria Sanjeev Kanoria from the UK with Indian origins intends to rename Hypo Group.

Hypo Group to be Renamed after Sale / Picture: © LinkedIn

According to an interview with the Austrian Press Agency (APA), the future owner of the Austrian problem bank does not intend to exchange management. Kanoria announced that Hypo is supposed to operate as regional bank where fast money was not focused on but a “long-term engagement”. He emphasized that his family, who is leading very successful enterprises had their principles and…