The unsold part will be transferred into bad bank KA Finanz. The bidders who have made it to the final round have to keep their offers open until 15 March.
A German financial investor (Patrick Bettscheider) is likely to get the deal, whereas two other bidders (Paierl consortium and investment banker Thomas Marsoner) are said to be at a disadvantage.
According to daily Kurier, after the presentation of the bids Austria’s Fimbag issued allegedly a recommendation for the German investment banker’s bid (worth EUR 120 million in cash).
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Article source: http://www.friedlnews.com/article/bidding-for-part-of-kommunalkredit-part-two