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BNP Paribas Eyes Germany’s IKB
BNP Paribas is seeking to acquire Germany’s IKB Deutsche Industriebank from Lone Star Funds.
BNP Paribasis seeking to acquire Germany’sIKB Deutsche IndustriebankfromLone Star Funds,Bloombergreports. The deal will allow the French lender to add corporate clients in Germany.
Swedish lender,SEB Bankis also a potential bidder in the sale. Texas-basedprivate equity firm, Lone Star Funds, has appointedPerella Weinberg Partnersto manage the sale process.
Click here for the story fromBloomberg.