Depfa Bank plans €57.8m buyout

Depfa Bank Plc, the number two European public finance lender, plans to spend €57.8 million to buy out minority investors in its German unit.

Depfa will seek shareholder approval at the unit’s annual meeting on May 12 for the offer.

Depfa is looking for buyers for the German unit, which analysts have said may fetch at least €1.3 billion.