Image: Heinz-Peter Bader
Three people familiar with the matter told Reuters. The Vienna-based bank competes in the bidding process with the major French bank Credit Agricole and the financial investors Warburg Pincus and Centerbridge. The bids would be around 500 million euros.
According to the insiders, the talks are at an advanced stage. However, it is not certain that they will lead to a conclusion. If talks with BAWAG fail, another bidder could win the contract. Barclays, BAWAG, Credit Agricole and Warburg Pincus declined to comment.
The Hamburg-based division of the major British bank has around 700 employees, has been active in Germany since 1991 and has around 2.5 million customers. She sells credit cards to private customers and is active in the installment loan business, where she works with the mail order company Amazon, among others. Barclays, which has scaled back its retail business in Europe, hopes to raise around half a billion euros from the sale, according to earlier information.
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