Chinese Banks Considering Bid for Germany's DVB Bank -Reuters

02/09/18 06:11 AM EST

--Bank of China and Industrial & Commercial Bank of China are among the companies mulling a potential purchase of DZ Bank subsidiary DVB Bank SE, Reuters reports, citing unnamed sources.

--DZ Bank is moving ahead with plans to sell German transport-finance lender DVB, according to Reuters, and one unnamed source said the Chinese banks are expected to present their initial proposals this month.

--Carlyle Group and Apollo Global Management are also interested in DVB, Reuters reports.

 

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February 09, 2018 06:11 ET (11:11 GMT)

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