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Austria’s Bawag Said to Eye Deutsche Bank’s Postbank, Welt Says 2015-05-15 13:09:03.11 GMT
By Alexander Weber (Bloomberg) -- Austria’s Bawag PSK Bank expressed interest in buying Postbank from Deutsche Bank, Die Welt reports, citing people familiar with the matter. * Cos. have similar business model, which could lead to significant synergies: Welt * Deutsche said to favor Bawag as buyer over bigger competitors like Santander: Welt * Bawag has total assets of ~EU35b, Postbank has ~EU155b * Bawag declines to comment on Postbank to Die Welt * NOTE: Goldman, Lazard, Morgan Stanley Picked to Sell Bawag Stake: CFO * NOTE: Bawag IPO ‘Not a Likely Alternative,’ Board Member Says * NOTE: Deutsche Bank plans to sell Postbank stake by end-2016
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To contact the reporter on this story: Alexander Weber in Vienna at +43-1-513-2660-13 or aweber45@bloomberg.net To contact the editor responsible for this story: Mariajose Vera at +49-89-244478-803 or mvera1@bloomberg.net