Patrizia to Acquire BayernLB’s GBW German Homes for $3.3 Billion

Patrizia to Acquire BayernLB’s GBW German Homes for $3.3 Billion

Guenter Schiffmann/Bloomberg

The European Union required BayernLB to sell its stake in GBW by the end of 2013 after it took state aid during the credit crunch in 2008.