FRANKFURT Dec 28 Austrian bank Bawag PSK
is getting a 200 million euro ($264.42 million)
capital injection from shareholders and investors, boosting its
core equity ratio around 10.3 percent by end of this year from
7.8 percent last year, it said on Friday.
Under the deal, private equity firm Cerberus Capital
Management will remain the controlling shareholder,
owning around 52 percent stake, while U.S. hedge fund Golden
Tree Asset Management will hold around 39 percent interest, it
Austria's competition regulator said on Dec. 12 it planned
to allow Golden Tree Asset Management to raise its stake in
Bawag PSK to up to 40 percent from almost 10 percent.
($1 = 0.7564 euros)
(Reporting by Marilyn Gerlach; editing by Jason Neely)