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Austria: BWB Approves New Shareholder at Bawag
The U.S. investment fund Golden Tree Asset Management becomes the second core shareholder of the Austrian bank.

Today, the Austrian Federal Competition Authority BWB confirmed that the U.S. investor is entitled to become a shareholder of Bawag. As reported by Vindobona, Golden Tree will take over a 39% interest in the bank in return for a capital increase of € 200m. The capital increase will allow Bawag to comply with the Basel III framework. Cerberus will remain the major shareholder. After…
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