Schelling: Hypo Italy may also End Up a Restructuring Bank

October 17 · Leaders
The re-organisation of Hypo Alpe Adria is under way. On Thursday it was decided that the SEE subsidiaries of the bank would be hived off. The new restructuring unit is to be ready in November by the latest, Finance Minister Hans-Jörg Schelling noted during the business fair in Vienna on Friday, stressing that Hypo Italy would have to be winded down, unless a buyer turns up.

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