Economics
Airbus Buys Salzburg Bank to Aid Sales From Jets to Choppers
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Airbus Group NV plans to create an in-house bank by taking over a regional lender as the world’s second-largest planemaker follows companies from Daimler AG to Siemens AG in providing financial services for customers.
Airbus will purchase Salzburg Muenchen Bank from the Raiffeisenverband Salzburg cooperative for an undisclosed sum, the Toulouse, France-based manufacturer said in a statement today. The planemaker is seeking to close the deal “as early as possible” this year, pending German regulatory approvals.