Bawag to Be Sold?

People ♦ Published: January 31, 2014; 08:03 ♦ (Vindobona)

According to rumours, the fifth largest Austrian lender may be sold.

Bawag to Be Sold? / Picture: © BAWAG

The Austrian daily “Standard” reports that the U.S. investment funds “Cerberus” and “Golden Tree” are looking for a buyer for Bawag. However, is not excluded that a Bawag gets a third core shareholder. According to “Standard”, insiders said that the shareholder structure will change this year. In case of a third shareholder, about € 2.0bn may be injected into the…