Bloomberg News

BayernLB May Open GBW Unit Sale Process, FT Deutschland Reports

March 08, 2012

Bayerische Landesbank (BLGZ) may open the sale of its GBW real estate unit to private bidders, Financial Times Deutschland reported, citing an unidentified person familiar with the matter.

The European Union’s antitrust authorities are concerned that BayernLB agreed to hold exclusive talks with municipalities on the sale, the Hamburg-based newspaper reported in an e-mailed summary of an article to be published tomorrow.

BayernLB may seek to offer certain bidders exclusivity for a limited amount of time before opening the sale process to others, FT Deutschland said.

To contact the reporter on this story: Nicholas Comfort in Frankfurt at ncomfort1@bloomberg.net

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net


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