Cerberus out of Bawag after lock-up waived early

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Cerberus out of Bawag after lock-up waived early

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The company logo of Austrian bank BAWAG (Bank fuer Arbeit und Wirtschaft) ('Bank for Work and Economy') seen at a branch in Villach, Austria. | C3356 Beate Schleep/DPA/PA Images

Cerberus Capital Management has sold the last of its stake in Austrian bank Bawag, its second trade in two months following an earlier sale in November.

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