Bawag Concludes Capital Increase of € 200m

Businessn.a. ♦ Published: December 28, 2012; 21:21 ♦ (Vindobona)

Equity capital raise from current shareholders and investors further strengthens BAWAG P.S.K.’s capital position. Cerberus´ share goes down to 52%.

Bawag Concludes Capital Increase of € 200m / Picture: © BAWAG

BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse Aktiengesellschaft (“BAWAG P.S.K.”) announces a capital raise of € 200m in the form of a cash common equity offering subscribed by shareholders and investors of the BAWAG P.S.K. group.

“At the same time, shareholders and investors in the BAWAG P.S.K. holding companies undertook to streamline…