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BAWAG completes acquisition of German bank Deutscher Ring Bausparkasse

Austria-based BAWAG PSK completed the acquisition of German building society bank Deutscher Ring Bausparkasse AG from Basler Versicherungen and SIGNAL IDUNA Gruppe.

Terms of the deal were not disclosed.

The deal, which was announced in December 2017, is part of BAWAG's Germany-focused acquisition plans.

BAWAG Group AG is the ultimate parent of BAWAG PSK.