LBBW still keen to buy WestLB - sources |
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Published
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Sun, 18 Nov 2007 18:01
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STUTTGART (Thomson Financial) - State-owned Landesbank Baden-Wuerttemberg (LBBW) continues to be interested in a merger with WestLB AG, even though it expects the latter would post larger-than-expected losses, LBBW supervisory board sources told German news agency DPA.The sources said they expect no private bank would be interested in acquiring WestLB and that North Rhine Westphalia state -- a major shareholder in WestLB -- would have to give up its opposition to a merger with LBBW.They added however, that LBBW is not in a hurry to acquire WestLB, because LBBW is still integrating the recently-purchased SachsenLB.marilyn.gerlach@thomson.comdp/mog/jagCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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Germany's LBBW moots closer incorporation of LRP unit - report 