The package, which corresponds to almost 6.2 percent in BAWAG, was valued at 298 million euros at the closing price on Wednesday on the Vienna Stock Exchange. GoldenTree still holds 11.1 percent of BAWAG.
The US asset manager and financial investor Cerberus brought the Austrian bank to the stock exchange in 2017. Since then, GoldenTree has already placed several shares overnight – most recently in September 2021 for EUR 417 million. Cerberus sold all of its shares in 2019. (APA)
