Bawag Is Leading Bidder For Barclaycard Germany: sources

BAWAG AG

07/12/2023 12:52

By Pablo Mayo Cerqueiro and Emma-Victoria Farr
       LONDON, Dec 7 (Reuters) - Austria's BAWAG Group
 BAWG.VI  is the leading bidder for Barclays  BARC.L ' German
consumer finance unit, people familiar with the matter told
Reuters.
    The bank has been competing for the German business against
Credit Agricole  CAGR.PA  and a private equity consortium of
Warburg Pincus and Centerbridge, the people said, speaking on
condition of anonymity.   
    There is no certainty the talks, which are at an advanced
stage, will lead to a deal. Representatives of Barclays and
BAWAG declined comment. 
    

 (Reporting by Pablo Mayo Cerqueiro, Emma-Victoria Farr. Editing
by Anousha Sakoui and Elisa Martinuzzi)
 ((anousha.sakoui@thomsonreuters.com;))