EC: Hypo Group Alpe Adria
03 Sep 2013
International
1 min read
The EC has approved a plan to orderly wind down the Austrian bank Hypo Group Alpe Adria. The operative parts of the bank will be sold while the non-viable remainder is put into an orderly wind-down process. A sales contract for its Austrian subsidiary was signed in May and the South-Eastern European network will be sold by 30 June 2015 at the latest.
