Author Topic: Liquidating Hypo Alpe Adria not an option-chairman  (Read 2030 times)

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Offline mayya

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Liquidating Hypo Alpe Adria not an option-chairman
« on: November 09, 2013, 19:27:25 PM »
Liquidating Hypo Alpe Adria not an option-chairman

VIENNA Mon Nov 4, 2013 7:55am EST

Nov 4 (Reuters) - Liquidating nationalised Austrian lender Hypo Alpe Adria is not an option under consideration as the state tries to wind down non-core parts of the bank, its chairman said on Monday.

"A liquidation of the bank or other insolvency scenarios are in any event not part of the model calculations," Klaus Liebscher, also head of a state task force on dealing with loss-making Hypo, said in a statement, referring to scenarios his panel is drawing up to address Hypo's future. (Reporting by Michael Shields; Editing by Georgina Prodhan)

http://www.reuters.com/article/2013/11/04/hypoalpeadria-chairman-idUSWEB00D7S20131104