2 state-owned lenders in Germany examine a possible merger

09/21/2010 | Bloomberg

Munich's Bayerische Landesbank and WestLB of Dusseldorf, Germany, are considering a merger. "The goal is to have a joint understanding by the end of the year on whether a merger makes economic sense," BayernLB and WestLB said in a joint statement. The merger of BayernLB and WestLB would create Germany's third-largest bank.

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