ALPINE Holding GmbH

EANS-Adhoc: ALPINE Holding GmbH
Standstill agreement with financing banks effectively concluded


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Company Information/Standstill agreement

13.11.2012

ISIN: AT0000A0JDG2
ISIN: AT0000A0PJJ0
ISIN: AT0000A0V834

ALPINE Holding GmbH (the Issuer) has successfully concluded negotiations with
the financing banks of ALPINE Group. The Standstill Agreement, under which banks
and insurers agreed to refrain from accelerating their loans at least until the
end of February 2013 and under which credit and guarantee lines will continue to
be available for ALPINE Group until such date, entered into effect today.

The internal accounts of Alpine Group as of September 30th, 2012 reflect losses
in the amount of 89.2 Million Euro in the third quarter of 2012 which is mainly
due to losses generated during such period by the development of certain
projects of Alpine as well as by the increase of costs that the exit from
certain markets has entailed.

The Issuer works steadily and target oriented on its restructuring concept for
the ALPINE Group, which is expected to be available in the first quarter of 2013
and is supported by the sole shareholder FCC who has agreed to provide
additional financial support in the short term.


Further inquiry note:
Mag. Johannes Gfrerer
Konzernpressesprecher ALPINE Gruppe
Telefon +43 664 9638000
johannes.gfrerer@alpine.at
www.alpine.at

end of announcement                               euro adhoc 
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issuer:      ALPINE Holding GmbH
             Alte Bundesstraße  10
             A-5071 Wals bei Salzburg
phone:       +43 662 85 82
FAX:         +43 1 610 79 - 275
mail:     johannes.gfrerer@alpine.at
WWW:      www.alpine.at
sector:      Construction & Property
ISIN:        AT0000A0JDG2
indexes:     
stockmarkets: Regulated free trade: Wien 
language:   English
 

 

 



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