Contract amendment Moody's Rating
With the 2011 half-year results Hypo Alpe Adria Bank for the first time in four years was able to present a positive net income at group level after taxes and minorities.
HAA: Recovery proceeding positively
In connection with the political clamourings of the last few days concerning Hypo Alpe Adria Bank, it is a matter of concern to the bank that it should be made clear that it will defend itself against unjustified and unilateral speculations, in the interests of its 8,000+ employees and its 1.2 million+ customers, and also in the interests of the funds that have been provided by Austrian taxpayers for the purpose of rescuing and restructuring the bank.
HAA sells commercial property
In the context of a structured sales process, Hypo Alpe Adria, acting through its subsidiary Probus Real Estate, sold the commercial property “Nomis Quartier“ in Hamburg. “Nomis Quartier” offers 4,500 m² of space for office and commercial use and is distinctive for its top-quality architecture and a location that has tremendous development potential. The property’s occupancy rate is 99 per cent.
HAA sells off its biogas plants
Hypo Alpe Adria has successfully sold off all of its German biogas plants with a total power generating capacity of 4.8 megawatts. All eight sites in the German federal state of Saxony-Anhalt, trading under the name of Biogaspark Alpe Adria, were sold in a transparent transaction to the German biogas operator agri.capital GmbH.
Today, as expected, the extraordinary shareholders’ meeting of Hypo Alpe-Adria-Bank International AG passed a resolution through which EUR 450 million of the bank’s existing participation capital, which had already been subscribed to by the Republic of Austria in June 2010, is to be converted into share capital.
Cooperation with BNP Paribas
Hypo Alpe-Adria-Bank AG (HBA; the Austrian subsidiary of Hypo Alpe-Adria-Bank International AG) is starting a product and sales cooperation with BNP Paribas Investment Partners. For HBA, this means the start of another cooperation with an internationally renowned investment company within a very short period of time.
Cooperation with Franklin Templeton
Hypo Alpe-Adria-Bank AG (HBA, the Austrian subsidiary of Hypo Alpe-Adria-Bank International AG) is launching a product and sales cooperation with the internationally renowned investment company “Franklin Templeton Investments”.
HAA sells Schlosshotel Velden
Hypo Alpe-Adria-Bank International AG (HAA) is happy to announce that the purchase agreement for Schlosshotel Velden plus apartments was signed today with C.T.S. Complesso Turistico Schloss GmbH (C.T.S.), whose main shareholder is Dott. Ugo Barchiesi.
Financial Results 2010
High risk costs due to far-reaching restructuring measures lead to consolidated net loss for 2010.