Brief: BAWAG Says Signing Of Sale And Purchase Agreement With Dexia Concerning Last Remaining Leasing Activities Of Dexia Group

BAWAG AG

08/12/2023 17:04

Dec 8 (Reuters) - BAWAG Group AG  BAWG.VI :
    * SIGNING OF A SALE AND PURCHASE AGREEMENT WITH DEXIA
CONCERNING
LAST REMAINING LEASING ACTIVITIES OF DEXIA GROUP
    * : TRANSACTION WILL ENABLE BAWAG GROUP TO REFINANCE A
ROUGHLY EUR
750 MILLION LEASING PORTFOLIO FROM DEXIA CRÉDIT LOCAL
    * : NO EMPLOYEES WILL BE TRANSFERRED AS PART OF THIS
AGREEMENT
    * IT WILL HAVE A NON-SIGNIFICANT IMPACT ON DEXIA'S SOLVENCY

Source text for Eikon:  ID:nPexbTrd5a 
Further company coverage:  BAWG.VI 

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