Airbus Group To Buy Salzburg München Bank

The Airbus Group is to buy Salzburg München Bank in order to provide financing for the aeronautics and defence company. The bank, which is currently 100 per cent owned by Raiffeisenverband Salzburg, will be renamed Airbus Group Bank. "Acquiring Salzburg München Bank provides us with a good platform to launch our company bank projects,” said Airbus Group CEO Harald Wilhelm. “In the coming years the whole group can benefit through increased financing flexibility.” The deal is expected to close this year, subject to regulatory approvals. 

TAGS: Europe
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