News: German bank eyes stake in Indian bank
(PTI 27/04/2006) Frankfurt - KfW, the German publicly-owned development bank, is negotiating to buy a stake in a bank in India, the head of the KfW's DEG subsidiary told the Financial Times Deutschland today's edition.
"We're currently holding talks with a regional bank in India that provides credit to small and medium-sized companies, particularly in the area of agriculture," DEG chief, Winfried Polte, told FT Deutschland.
He declined to name the bank or say what stake size was being negotiated, saying the details would be made public in mid-2006.
"We're currently holding talks with a regional bank in India that provides credit to small and medium-sized companies, particularly in the area of agriculture," DEG chief, Winfried Polte, told FT Deutschland.
He declined to name the bank or say what stake size was being negotiated, saying the details would be made public in mid-2006.
posted by InCar Group Press Room at 12:33
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