Austria's Hypo gets another aid tranche

Newswire

VIENNA, Nov 29 (Reuters) - Nationalised Austrian lender Hypo Alpe Adria got another 250 million euro ($340 million) tranche of state aid on Friday, it said, again tapping public funds to avoid breaching minimum capital levels. Hypo had said last week it needed 1.05 billion euros in extra state aid this year. Part would come from a direct injection of cash and the rest by issuing more non-voting capital. The central bank said earlier that Austria would not ...

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