ALPINE Holding GmbH

EANS-Adhoc: ALPINE Holding GmbH
Efforts to reach an out of court restructuring of the ALPINE Group have been terminated

  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
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Financially Distressed Companies

Efforts to reach an out of court settlement for the restructuring of ALPINE
Group have, contrary to expectations, and despite significant support by
financing partners and intensive efforts by the shareholder, not been successful
and thus been terminated. The management of ALPINE Bau GmbH is preparing to file
for reorganisation proceedings without self management ("Sanierungsverfahren
ohne Eigenverwaltung") and will shortly apply for the opening of such
proceedings. Due to these developments, insolvency proceedings of ALPINE Holding
GmbH are imminent.

In the course of these proceedings a concept has been developed by experienced
subject-matter-experts to save parts of the ALPINE Group and related employees
as well as subcontractors. This concept shall be assessed and implemented in the
next weeks by the competent administrators.

Further inquiry note:
Mag. Johannes Gfrerer
Konzernpressesprecher ALPINE Gruppe
Telefon +43 662 8582 286

end of announcement                               euro adhoc 

issuer:      ALPINE Holding GmbH
             Alte Bundesstraße  10
             A-5071 Wals bei Salzburg
phone:       +43 662 85 82
FAX:         +43 1 610 79 - 275
sector:      Construction & Property
ISIN:        AT0000A0JDG2
stockmarkets: Regulated free trade: Wien 
language:   English

Weitere Meldungen: ALPINE Holding GmbH

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