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Hypo Alpe-Adria Wins Temporary EU Approval for Government Aid

May 24 (Bloomberg) -- Hypo Alpe-Adria-Bank International AG, the lender nationalized by Austria in 2009, won temporary European Union approval for an extra 200 million euros ($282 million) in government aid, as the EU regulator expanded its probe into the bank’s restructuring plan.

The plan “does not allay all the doubts” the EU has concerning the bank’s return to long-term viability, the European Commission said today.

To contact the reporter on this story: Aoife White in Brussels at awhite62@bloomberg.net.

To contact the editor responsible for this story: Anthony Aarons at aaarons@bloomberg.net.

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