Breaking News

Sony Posts Surprise First-Quarter Profit, Beats Estimate on PS4, Yen
Tweet TWEET

‘Window’ Closed for Landesbank Mergers, State Premier Tells FTD

The window of opportunity for mergers among German state-owned lenders has closed, the Financial Times Deutschland reported, citing Hannelore Kraft, prime minister of the country’s state of North Rhine-Westphalia.

North Rhine-Westphalia owns a stake in WestLB AG, the Dusseldorf-based lender that’s up for sale.

To contact the reporter on this story: Jann Bettinga in Frankfurt at jbettinga@bloomberg.net.

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.