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The hypoextraction unit paid off unexpectedly to the Republic of Austria two billion euros in July. The sale of land and luxury yachts is apparently better than expected.
09.22, July 30, 2018
Mit La Heta The dismantling unit of the hypo-nationalized Hypo Alpe Adria, suddenly paid 1.8 billion euros in premature repayment in July, reports the Bloomberg financial news agency. sale of real estate, land and luxury yachts belonging to the Bad Bank goes better than originally planned.
The proceeds will be used to repay the reimbursement of the republic, which should be completed in 2020. Then it will be clear how much Adria Hypo the taxpayers actually tasted, but the title "biggest financial debacle of the second republic" will not be able to take the Hypo.
A good deal for the nation is the Kär ntner Pleitebank certainly , despite all the interm pleasant edifices no.Five to six billion euros in taxes have already been sunk while the republic still wanted to save the Hypo Alpe Adria. The dreaded maximum damage of 18 billion euros, however, has been prevented.
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