The last standstill agreement expired yesterday at midnight. At least 95% of the creditors must approve the waiver. Otherwise Alpine may has to file for insolvency. The banks were ready to accept a partial waiver. Even the French credit insurer Coface gave in. However, the Austrian Ministry of Finance, which is the owner of the nationalized creditors still reject Alpine´s restructuring concept. OeKB (Austrian Clearing Bank) would have to accept write-downs of € 50m.
The Austrian Ministry of Finance explains that a partial waiver is only possible in case of Alpine´s insolvency. Bank´s representatives do not comprehend the Ministry´s point of view. In case of an insolvency, OeKB would have to accept substantially higher write-downs, they say. According to Alpine´s corporate spokesman Johannes Gfrerer, the creditors will continue the talks with the Austrian Ministry of Finance.
detta così sembra una situazione assurda