Recently-nationalised banking network
Hypo Group Alpe Adria (HGAA) is understood to be looking to sell up
to five of its CEE leasing subsidiaries as it aims to cut its
balance sheet in line with an EU restructuring mandate.
The spotlight is on Hypo’s leasing
subsidiaries in Bulgaria, Hungary, Macedonia, Germany and Ukraine –
territories where the Austrian group has no banking
infrastructure.
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Bulgaria and Macedonia seem most likely
to be sold. In addition to that, the other three Hypo leasing
businesses in territories without banking networks – Germany,
Hungary and Ukraine – may also face sale, according to comments
made by group CEO Gottwald Kranebitter in an interview with
Austrian magazine News.
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