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Credit Agricole: The Great Bidding War for Barclays’ German Unit

French bank Credit Agricole and Austria’s BAWAG Group are expected to submit competitive bids for Barclays’ German consumer finance unit.

A Credit Agricole logo is seen outside a bank office in Reze, near Nantes, France. Photo: Shutterstock
A Credit Agricole logo is seen outside a bank office in Reze, near Nantes, France. Photo: Shutterstock

The two banks are in competition with private equity firms Warburg Pincus and Centerbridge in the final round of the bidding process.

Binding bids are due this week, with the selection of the final buyer anticipated later this month. The goal is to finalize the deal by the end of the year, though there could be potential delays.

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