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Hypo Group to Sell Interests in SEE Earlier
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Published: December 19, 2011; 11:49 ♦ (Vindobona)
Due to the equity regulations, the Austrian bank prefers to sell its business in South Eastern Europe instead of the Italian and Austrian subsidiary.
Hypo Group to Sell Interests in SEE Earlier / Picture: © KPMG - Pressefoto Gottwald Kranebitter
The nationalized Hypo Alpe Adria Group urgently needs equity capital. Now, the bank changes its strategy. Instead of selling the Austrian and Italian subsidiary, Hypo Group brings forward the sale of its interests in South Eastern Europe.
CEO Gottwald Kranebitter: “We will have prepared the network for sale by mid-2012. Initially, we wanted to do that later. But the current…
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