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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.
Austria: BWB Approves New Shareholder at Bawag / Picture: © BAWAG
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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