Golden Tree fund gets stake in lender BAWAG PSK - paper

VIENNA Fri Oct 12, 2012 2:39am EDT

VIENNA Oct 12 (Reuters) - U.S. hedge fund Golden Tree has converted debt into equity of Austrian lender BAWAG PSK , an Austrian newspaper reported, saying it could get a stake as high as nearly 10 percent.

The Wiener Zeitung paper gave no source for its report on Friday, which said Austrian supervisors were trying to get more clarity on the Cerberus Capital Management unit's ownership structure.

A BAWAG spokeswoman declined to comment on the report.

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