The Austrian Government has sold Hypo Group Alpe Adria AG to Anadi Financials Holdings Pte. Ltd., part of the Indian SREI Group. Financial details have not been disclosed.
Hypo Alpe-Adria-Bank International was a leading banking institution with activities in Austria, Germany, Italy, Bulgaria, Hungary and Ukraine. In December 2009, the bank was nationalized and underwent a planned program of restructuring and recovery. The nationalized bank agreed to sell Hypo Alpe Adria Bank AG, the unit which operates in the southern Austrian province of Carinthia, to Anadi Financial Holdings.
Anadi Financial Holdings is part of SREI Infrastructure Finance Limited, a leading infrastructure financing conglomerate in India offering various services in the infrastructure sector.
Oaklins' team in Austria advised the seller in this transaction.
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