German retail and corporate lender Degussa Bank is up for sale.
- Jul 24, 2020
- 1 min read
Updated: Aug 1, 2020
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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