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Turkish Dogus Group Not Interested in Hypo Alpe Adria

Published: September 10, 2013; 15:19 · (Vindobona)

A high-ranking representative of Turkish Dogus Group denied that the corporation was interested in taking over Austrian bank Hypo Alpe Adria. In an interview with “Wall Street Journal” he claimed there had been no negotiations with Hypo.

Turkish Dogus Group Not Interested in Hypo Alpe Adria / Picture: © Hypo Alpe-Adria-Bank International AG

Ferit Sahenk, head of Dogus Group, would be the ideal candidate for purchasing the Balkan affiliates, particularly the Croatian bank with around € 4.5bn in balance sheet total, of ailing Hypo Group, according to a report of “Kleine Zeitung”. However, nationalized Hypo Group declared not to comment on possible interested parties and rejected the term “ideal…

This article includes a total of 193 words.

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