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Bidding for Part of Kommunalkredit

Bidding for Part of Kommunalkredit – Part Two / Picture: © Kommunalkredit

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