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Sale of Kommunalkredit: First Offers Expected

Published: September 29, 2012; 19:37 · (Vindobona)

The nationalized Austrian bank should be sold until June 2013. Next week, the first non-binding offers are expected.

Sale of Kommunalkredit: First Offers Expected / Picture: © Kommunalkredit

According to Klaus Liebscher, director of Fimbag, the sale of Kommunalkredit shows some progress. The U.S. investment bank Morgan Stanley acts as joint lead manager. “We expect the first non-binding offers next week.” Then the due diligence will follow, Liebscher explains.

Until now, five potential buyers were registered. According to insiders, banks and investment funds are…

This article includes a total of 211 words.

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