Hypo Group Alpe Adria

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

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

immigon portfolioabbau ag / Half Yearly Report

Immigon portfolioabbau ag is declaring the following financial reports below.

August 27, 2015

immigon portfolioabbau ag / Forecast for year end results 2015; low three-digit million figure expected as year end result (27 August 2015)

immigon portfolio ag has achieved a positive effect on its results deriving from the buyback programme for non-subordinated liabilities offered from 10 July through 28 July 2015 resulting from the repurchase below the repayment amount and the subsequent termination of de-rivatives (see ad hoc release dated 31 July 2015).

August 27, 2015

German Creditor Pool Brings EUR 1 Bln Action Against Heta Before Frankfurt Regional Court

The lawsuit demands almost EUR 1 billion and is brought in Frankfurt/Main against asset resolution company Heta. The creditor pool consists largely of German creditors which demand immediate repayment of bonds and promissory note loans.

July 16, 2015

Heta Settlement to Limit Disadvantages for BayernLB

According to rating agency Fitch a settlement between BayernLB, Heta Asset Resolution and the Republic of Austria would limit disadvantages for BayernLB resulting from the liabilities of Heta, successor bank of Hypo Alpe Adria.

July 14, 2015

Audit Court Report of Hypo Alpe Adria to be Published in March

The report of the Audit Court on the renationalisation of former Hypo Alpe Adria bank shall be completed by the end of March, the chief justice of the Audit Court, Josef Moser, told broadcaster ORF.

February 9, 2015

China Energy Reserve to Acquire Hypo Balkan Units for EUR 350 Mln?

According to an article featured by "Kurier” daily in its Tuesday issue, Chinese state-owned China Energy Reserve & Chemicals Group has resumed its effort to take over the former Balkan units of nationalised crisis bank Hypo Alpe Adria (now known as Heta).

December 16, 2014

Italian Subsidiary of Hypo Group Alpe Adria to be Sold Soon

Bank Hypo Alpe Adria Italia, the Italian subsidiary of state-owned ailing bank Hypo Alpe Adria, is supposed to be sold within a few months.

November 21, 2014

Michael Mendel to Become Head Liquidator of Hypo Group Alpe Adria

In a surprising move the government appointed Michael Mendel, hitherto the vice-CEO of state-owned investment holding ÖVAG, as the head liquidator for ailing bank Hypo Alpe Adria.

November 10, 2014
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