Bawag bags Depfa

The Austrian covered bond issuer Bawag has bought Depfa Bank from the German wind-down agency, FMS Wertmanagement.
The German state-owned entity responsible for winding down German financial institutions, FMS Wertmanagement (FMS-WM), announced it will sell its 100% stake in Ireland’s Depfa Bank to Austrian lender Bawag, subject to the approval of its supervisory board and the Federal Agency for Financial Market Stabilisation (FMSA).
“The sale ...Already a subscriber? Login