Cerberus out of Bawag after lock-up waived early
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.
The 7.1m shares were sold at €35.25 each, a 2% discount to the closing price of €35.98, raising €252m for Cerberus.Bawag’s ...
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