Article Tools

Sale of Hypo Group: Small Number of Potential Buyers

Published: December 7, 2013; 16:10 · (Vindobona)

In 2014, Hypo Group´s assets will be sold. It is not certain whether there will be a bad bank or not. Even a bankruptcy is not completely excluded.

Sale of Hypo Group: Small Number of Potential Buyers / Picture: © Wikipedia / JJ55 (30 March 2008)

Until the end of 2015, the sale of Hypo Group´s remaining assets should be finished. A bankruptcy does not seem to be a probable alternative, though. Governor of the Austrian National Bank (OeNB) Ewald Nowotny underlined that Hypo Group´s bankruptcy would not only cause a destruction of values, but also provoke economic difficulties in Southeastern Europe. Moreover, the image of the…

This article includes a total of 459 words.

or Log In