conwert Interested in Billion-Euro Deal with LBBW

Published: June 20, 2011; 16:28 · (Vindobona)

The Austrian real estate company is looking for partners to purchase the residential property portfolio of the German bank. Industry experts see a realistic chance for an acquisition.

conwert Interested in Billion-Euro Deal with LBBW / Picture: © Vindobona.org

The bidding process has not yet begun, but Landesbank Baden-Württemberg (LBBW) is expected to officially start the sale of its residential property portfolio within the next weeks. After the bank had received state aid during the financial crisis, the EU Commission required the company to sell its real estate assets by 2012.

Potential buyers have already prepared for a takeover.…

This article includes a total of 233 words.

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