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Erste Bank and Bayern LB are talking merger
Austria’s Erste Bank has held talks with BayernLB to sound out prospects for acquiring the German state bank, close sources. After Erste emphatically denied that an acquisition deal was in the works, sources said the chief executives of both companies had met and discussed possible takeover scenarios, but the talks had not become more concrete. BayernLB, which is owned by the state of Bavaria and local savings banks, declined to comment. Erste Bank gobbles up Weinviertel Savings Bank Erste Bank and Bayern LB are talking merger Vienna Insurance pledge to be Erste’s ‘White Knight’ BCR in deal with EBRD to finance SMEs’ competitiveness Erste Bank Q3 net profit up 34% blog comments powered by Disqus |
Related Stories Erste Bank gobbles up Weinviertel Savings Bank Erste Bank and Bayern LB are talking merger Vienna Insurance pledge to be Erste’s ‘White Knight’ BCR in deal with EBRD to finance SMEs’ competitiveness Erste Bank Q3 net profit up 34% Companies Erste Bank AG Bayern LB |
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