Wednesday, June 19, 2013

Reuters: Bankruptcy News: FCC's Alpine Bau files for insolvency

Reuters: Bankruptcy News
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FCC's Alpine Bau files for insolvency
Jun 19th 2013, 07:58

VIENNA, June 19 | Wed Jun 19, 2013 3:58am EDT

VIENNA, June 19 (Reuters) - Alpine Bau GmbH, the main Austrian construction unit of Spanish group FCC, has filed for insolvency, a spokesman for parent group Alpine Holding said.

"The application was filed," the spokesman said. "It applies in the first instance for Alpine Bau."

Alpine, which employs around 15,000 staff, said late on Tuesday it had failed to strike a deal with creditors to reorganise its debt.

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