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Bawag Investor Cerberus to Leave?

Published: October 31, 2013; 20:05 · Updated: November 5; 17:30 · (Vindobona)

Rumors have it that US fund Cerberus will sell his share in Austrian bank Bawag. According to head of Bawag, Byron Haynes, a selling process has not yet begun.

Bawag Investor Cerberus to Leave? / Picture: © BAWAG

According to reports by “Wiener Zeitung”, Deutsche Bank and Goldman had received the order to sell the bank. Simultaneously with the exit, the outstanding state capital in the amount of € 500m is supposed to be amortized.

Head of Bawag, Haynes, told the Austrian Press Agency (APA) that a selling process has not yet started. According to him investment banks were not…

This article includes a total of 225 words.

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