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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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