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DAB Bank AG says HypoVereinsbank and BNP Paribas reach agreement on sale of majority interest in DAB Bank


Thursday, 31 Jul 2014 01:31pm EDT 

DAB Bank AG:Says HypoVereinsbank, unit of UniCredit Bank AG, and BNP Paribas reach agreement on sale of 81.4 pct interest in DAB Bank.Says price of 4.78 euros per share was agreed.Says HypoVereinsbank investment is valued at around 354 million euros.Says Supervisory Board of HypoVereinsbank must still approve transaction.Says Management Board of DAB Bank AG takes generally positive view of acquisition.