PARIS (Dow Jones) – The German Bank AG is apparently not on the Purchase of the retail division of the Belgian KBC Group interested. A person familiar with the process told Dow Jones Newswires on Monday, one have absolutely no interest. The French newspaper La Tribune wrote in its Monday edition that the German bank in addition to other banks for the division of the Belgians put up for sale interested. In addition, Deutsche Bank would also have the Credit Suisse Group Societe Generale SA, HSBC Holdings plc, Barclays PLC, Credit Agricole SA, or Julius Baer Holding AG stake in the business.
Indicative offers for the KBC Consumer business, the assets in the volume of around EUR 50 billion managed, could, according to Newspapers will be delivered by mid-February. The Belgian bank plans to use the Sale of its EUR 1.5 billion to redeem. The German Bank AG raised its Company based in Frankfurt.
- By William Launder, Dow Jones Newswires; (0) 69 29725 102, unternehmen.de @ dowjones.com Website: www.latribune.fr DJG / DJN / kla / cbr Visit our website http://www.dowjones.de
(END) Dow Jones Newswires
January 18, 2010 05:33 ET (10:33 GMT)
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