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No Merger Between VBAG and Bawag

Published: August 6, 2012; 19:59 · (Vindobona)

Bawag´s CEO Byron Haynes reaffirmed that U.S. owned bank is not interested in a merger with the partly nationalized VBAG.

No Merger Between VBAG and Bawag / Picture: © BAWAG

For Haynes, a merger is out of question. „This is absolutely not conceiveable.“ Haynes said in an interview with „Wirtschaftsblatt“. As the new CEO Stephan Koren has announced a restructuring phase of several years, VBAG is no issue for Bawag.

In March, VBAG became partly nationalized. Since then, the Austrian state holds a 43.3% stake in VBAG. The Austrian state wrote…

This article includes a total of 206 words.

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