Santander on Circulated Sales Talks: „No Comment“

Businessn.a. ♦ Published: February 4, 2014; 14:42 ♦ (Vindobona)

As reported by Vindobona, Spanish Banco Santander is said to be interest in taking over the fifth largest Austrian lender Bawag. Bawag´s management remains silent on this matter.

Santander on Circulated Sales Talks: „No Comment“ / Picture: © BAWAG

According to insiders, Bawag´s main shareholders Cerberus and Golden Tree are in advanced negotiations with Santander. The German business magazine Handelsblatt reported that the Spanish bank wants to acquire the Vienna-based lender. The circulated sales price amounts to € 2.0bn.

Handelsblatt wrote that Cerberus is looking for an exit for months. “Cerberus wants to leave…