Problems with 6B47 also affect banks in Upper Austria

On Monday, it was announced that Deloitte’s auditors had withdrawn their audit opinion for the 2022 financial statements.

The audit report states that the annual financial statements do not comply with legal requirements and do not provide a true and fair view of the assets and financial position.

No annual financial statements

No balance sheet has yet been published for the 2023 financial year. The aim is to obtain a positive audit opinion by the end of August, 6B47 said. However, this will “in any case include restrictions on the company’s continued existence.”

6B47 stumbled with the major project Althan Quartier, a district center in the ninth district. There were delays and construction cost overruns, which put a strain on interest. According to 6B47, the project is financed with four loans from a banking consortium, totaling 360 million euros. The consortium leader is Raiffeisen Bank International, other partners are Oberbank, the Raiffeisenlandesbanken Steiermark and Oberösterreich, and four other banks. Oberbank and RLB OÖ did not comment when asked. Banking circles say they assume the project will work.

6B47 states that sales will secure financing requirements until the first quarter of 2025.

The largest shareholder since 2020 has been Baustoff + Metall GmbH, owned by the entrepreneur Wolfgang Kristinus, who died in 2022. 6B47 was founded in 2009 by former ÖBB boss Martin Huber and building contractor Erwin Krause. Huber is on the supervisory board, as is former banker Regina Prehofer and, since 2022, former Vienna Stock Exchange board member Stefan Zapotocky. Most recently, there have been departures from the board, with only Christian Mayer remaining. (az)

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