Brief: BAWAG Acquires Barclays Consumer Bank Europe

BAWAG AG

04/07/2024 07:39

July 4 (Reuters) - BAWAG GROUP AG  BAWG.VI :
    * ACQUIRES BARCLAYS CONSUMER BANK EUROPE
    * TRANSACTION IS EXPECTED TO OCCUR IN Q4 2024 / Q1 2025.
    * ANNOUNCES SIGNING OF A TRANSACTION TO ACQUIRE
HAMBURG-BASED
BARCLAYS CONSUMER BANK EUROPE FROM BARCLAYS BANK IRELAND PLC
    * LONG-TERM VALUE TO BAWAG'S FRANCHISE, WITH AN EXPECTED
PROFIT
BEFORE TAX CONTRIBUTION OF GREATER THAN EUR 100 MILLION IN 2027
ONCE DEAL IS FULLY INTEGRATED
    * CET1 IMPACT OF TRANSACTION IS EXPECTED AT AROUND 140 BASIS
POINTS

Source text for Eikon:  ID:nGNE4KMFcJ 
Further company coverage:  BAWG.VI 

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