GERMANY - BayernLB looking for investors

The bank is looking to generate fresh capital for future growth, with German press reports suggesting it is also considering a merger with the Landesbank Baden-Württemberg (LBBW). Lone Star, JC Flowers and Cerberus have all been named as potential investors.

If completed, the deal will see BayernLB become the second regional government bank with a foreign investor, after JC Flowers took a 26.6% stake in HSH Nordbank for EUR 1.25bn in November 2006.

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