Read the latest headlines covering Austrian corporate insolvencies
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Austrian Corporate Insolvencies

Dunkin’ Donuts Struggling in Austria

US bakery and coffee shop chain Dunkin’ Donuts wants to continue operation in Austria. The creditors of the insolvent firm agreed to a reorganization plan.

August 24, 2016

Tax Payers to Finance AvW Bankruptcy after all?

Tax payers may have to finance the bankruptcy of Carinthian financial company AvW after all, Presse daily reports in its online issue. The damage is estimated at EUR 148 million (USD 168.2 million).

June 8, 2016

Ex Hypo Alpe Adria SEE Units Post Consolidated Loss of EUR 675 Million

The southern European bank units formerly owned by Hypo Alpe Adria, and now in the hands of US equity fund Advent and the EBRD, posted in the first year under the new owners, in 2015, a huge consolidated loss of EUR 675 million. In 2014 the loss totalled EUR 97.4 million.

May 27, 2016

Activ Solar Files for Reorganisation in Austria, Debts Reach EUR 500 Million

Vienna-based Activ Solar GmbH announced that it is bankrupt and that it has filed for reorganization in Austria due to its investment exposure in Ukraine. The company has amassed debts to the tune of EUR 500 million.

February 10, 2016

Schelling Believes Creditors will Agree EUR 7.8 Bln Conciliation Offer

Since the buyback offer for bonds of Hypo Alpe Adria bad bank Heta, with a guarantee of the province of Carinthia, extended by the province authorities, the poker game for Heta debts has begun. By 11 March two thirds of the deal have to be approved. Meanwhile a large creditor group declined the offer the same day it was announced.

January 25, 2016

A-Tec Winding Up Completed

Matthias Schmidt, the bankruptcy trustee of industrial conglomerate A-Tec of industrialist Mirko Kovats, has completed the winding up of the company that went bankrupt five years ago. The final payment of 4.44 percent or EUR 17.55 million is to be made by the end of the year.

December 22, 2015

Insolvent DIY Chain BauMax Ended Its Operations

Insolvent DIY chain BauMax ended its operations completely on Friday with many stores sold to Obi of Germany. Seven stores did not attract a buyer. Some 700 employees in total are at risk of losing their jobs.

October 30, 2015

Neos Contest New Head of Supervisory Board of Hypo Alpe Adria

During yesterday’s session of the Hypo Alpe Adria bank investigative committee, MPs of the NEOS party demanded an explanation as to why Karl Heinz Moser, an auditor, had been appointed head of the supervisory board of Hypo Alpe Adria, after Klaus Bussfeld.

September 3, 2015

Erste Bank Replaces Security Trading Platform Brokerjet with George

Erste Bank's Brokerjet service - that is tailored specifically toward the needs of online trading customers - will be discontinued as of the end of November. In the future the service will be offered via securities trading services George.

July 14, 2015

New Owners for Lower-Austrian Facilities Builder FMW

Lower Austrian facilities builder FMW, which filed for bankruptcy a few weeks ago, has new owners. Cornelius Grupp, owner of CAG Holding GmbH, and investor Matthias Calice have taken over the business with 68 employees in course of a restructuring procedure.

November 11, 2014