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Indian Srei Group to Acquire Austrian Hypo?

Published: May 13, 2013; 20:25 · (Vindobona)

Austria is looking for a buyer for the domestic Hypo affiliates. Indian Srei Group seems to have good chances.

Indian Srei Group to Acquire Austrian Hypo? / Picture: © Wikipedia / JJ55 (30 March 2008)

On Monday the task force of Hypo group, which was appointed by the Austrian government and includes experts of the Austrian National Bank (OeNB) and the Financial Market Authority, met for a conference. On May 17, Hypo Group’s supervisory board will hold a meeting. Until the end of May, Austria has to hand in a restructuring plan for the problem bank to the EU Commission. In order to…

This article includes a total of 470 words.

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