SREI Infrastructure Finance is reportedly poised to buy the domestic banking unit of nationalized Austrian lender Hypo Alpe Adria for 65.5 million euros amounting $84 million. The negotiations on the sale had been wrapped up and regulators have signaled no problems with the planned takeover.
The European Commission has put intense pressure on Hypo Alpe Adria, which Austria had to take over in 2009, to sell its operating units by the end of this year or else face having to return more than 2 billion euros of state aid.
SREI Infrastructure Finance’s businesses include infrastructure equipment leasing and finance, infrastructure project finance, advisory and development, insurance broking, venture capital, capital market and Sahaj e -Village. The company has been financing in the infrastructure sector for the last 22 years and has a customer base of over 30,000 all over the country.
