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WestLB Starts Units Sale

German commercial bank WestLB is selling a part of its operations.

German commercial bank WestLB is selling a part of its operations, Reuters reports. The sale is part of the lender’s strategy to create a viable business model.

WestLB has put its corporate banking division and its project financing unit up for sale. The bank has also started sending out bidding documents to potential buyers.

Click here for the story from Reuters.

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