Banks: Helaba apparently plans to make a takeover offer for IKB
Landesbank Hessen-Thüringen is preparing a binding offer of more than 600 million euros for IKB Deutsche Industriebank, according to insiders. A final decision has yet to be made.
The Landesbank Hessen-Thüringen, also known as Helaba, is preparing a binding offer of over 600 million euros for IKB Deutsche Industriebank, according to Bloomberg. The Helaba board met on Tuesday and final offers are due early next week. The offer values IKB at more than 0.6 times its book value. A final decision on the offer has not been made, with approval needed from the state of Hessen and regional savings banks. Crédit Agricole is also considering an offer for IKB, Bloomberg previously reported.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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- Banks: Helaba plans IKB takeover bid for more than 600 million euros handelsblatt.com
