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3 years ago
Austria's Hypo seeks 750 mln euro capital increase
April 3, 2014 / 4:21 PM / 3 years ago

Austria's Hypo seeks 750 mln euro capital increase

VIENNA, April 3 (Reuters) - Nationalised Austrian bank Hypo Alpe Adria on Thurdsay called for a capital increase of 750 million euros ($1.03 billion) by the Austrian government, its sole shareholder.

Hypo said it would hold an extraordinary general meeting on April 9 to approve the measure, which would ensure it met its capital ratios required by regulators. ($1 = 0.7291 Euros) (Reporting by Georgina Prodhan. Editing by Jane Merriman)

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