German retail and corporate lender Degussa Bank is up for sale.



German retail and corporate lender Degussa Bank is up for sale. PWC, advisors on the deal, value the bank at $400M. The bank's owners are facing heavy payments for their involvement in Germany's biggest post-war fraud.

Industry buy-side insiders expect a total valuation of closer to 200 million euros.

The owners of Degussa Bank and PwC declined to comment.


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