Bawag could be sold for EUR 2bn; Santander named as possible buyer
Bawag, the Austrian bank, could be sold for around EUR 2bn, Handelsblatt reported. The German daily cited an unnamed Bawag insider who said the bank's owner Cerberus wants out. Banking circles believe the bank could fetch a price of around EUR 2bn with Spanish Santander named as a possible buyer. Bawag Chief Byron Haynes branded this development pure speculation.
Source Handelsblatt