Airbus Group To Acquire Salzburg München Bank, Establish Company Bank | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-07.07.25

Airborne-NextGen-07.08.25

AirborneUnlimited-07.09.25

Airborne-FlightTraining-07.10.25

AirborneUnlimited-07.11.25

Tue, Feb 18, 2014

Airbus Group To Acquire Salzburg München Bank, Establish Company Bank

Will Be Developed To Provide Finance Options For Group's Businesses

Airbus Group has entered into a Share Purchase Agreement with Raiffeisenverband Salzburg to acquire Salzburg München Bank AG, in order to provide additional financing options for the aeronautics and defense company.

Salzburg München Bank, owned 100% by Raiffeisenverband Salzburg, is a small fully-licensed bank based in Munich serving small and medium enterprises (SMEs) and private clients. After closing, it will be renamed Airbus Group Bank and gradually be developed to provide finance solutions to support the Group's businesses. The transaction will not have any immediate effects on Salzburg München Bank’s existing clients or business.

“Acquiring Salzburg München Bank provides us with a good platform to launch our company bank project,” said Airbus Group Chief Financial Officer Harald Wilhelm. “In the coming years the whole Group can benefit through increased financing flexibility.”

The acquisition is subject to obtaining regulatory approvals, namely the Ownership Control Procedure ("Inhaberkontrollverordnung") with the German regulator (BaFin) and also from the German competition authority (BKartA).

Airbus Group aims to close the deal as early as possible in 2014, subject to receiving all necessary regulatory approvals.

FMI: www.airbus-group.com

Advertisement

More News

ANN's Daily Aero-Term (07.10.25): Performance-Based Navigation (PBN) [ICAO]

Performance-Based Navigation (PBN) [ICAO] Area navigation based on performance requirements for aircraft operating along an ATS route, on an instrument approach procedure or in a d>[...]

NTSB Prelim: Cessna 172

The Airplane Came To Rest Underneath A Set Of Damaged Power Distribution Lines On The Floor Of A Coulee On June 19, 2025, at 1412 mountain daylight time, a Cessna 172K airplane, N7>[...]

ANN's Daily Aero-Linx (07.10.25)

Aero Linx: FAA Managers Association (FAAMA) Recognized by the FAA, FAAMA is a professional association dedicated to the promotion of excellence in public service. The Association i>[...]

Classic Aero-TV: The Big Business of Diminutive Powerplants

From 2023 (YouTube Edition): Jet Central Micro-Turbine Engines Impress Founded in the late-1990s, Mexico City-based Jet Central produces a unique and fascinating line of micro-turb>[...]

Airborne 07.11.25: New FAA Bos, New NASA Boss (Kinda), WB57s Over TX

Also: ANOTHER Illegal Drone, KidVenture Educational Activities, Record Launches, TSA v Shoes The Senate confirmed Bryan Bedford to become the next Administrator of the FAA, in a ne>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2025 Web Development & Design by Pauli Systems, LC