Financial Times FT.com

Brussels aims for summer decision on WestLB

By Nikki Tait in Brussels

Published: March 31 2009 17:52 | Last updated: March 31 2009 17:52

Brussels is aiming to take a decision on restructuring plans at WestLB, the ailing German regional bank, before the summer, antitrust officials said Tuesday.

Last week, the bank’s owners accepted that attempts to engineer a merger of WestLB with other players in Germany’s state-owned Landesbanken sector had foundered, and said they planned to put the bank up for sale through an auction.

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