Five Potential Buyers for Kommunalkredit

Published: September 4, 2012; 21:36 · (Vindobona)

Next year, the nationalized bank should be re-privatized. The sale should be finished until the end of this year.

Five Potential Buyers for Kommunalkredit / Picture: © Kommunalkredit

The privatization of Kommunalkredit shows some progress. According to Wirtschaftsblatt, five potential buyers submitted their non-binding offers until the end of August. Due to restrictions by the EU, the closing must take place by June 2013. The bank was sold by VBAG and Belgian Dexia for € 250m in 2008. Until the end of October, binding offers must be submitted. The sale will be…

This article includes a total of 214 words.

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