Cerberus seeks buyers for BAWAG - report

VIENNA, March 14 (Reuters) - A newspaper said Cerberus Capital Management LP [CBS.UL] is looking to sell its 89 percent stake in Austria's BAWAG P.S.K. but the bank denied the report.

Wiener Zeitung, in a report to be published on Saturday, cited well-informed sources and said Cerberus was thought to be in talks with Germany's Deutsche Postbank (DPBGn.DE: Quote, Profile, Research) and BayernLB [BAYLB.UL].

"This is completely plucked out of thin air. There is nothing true about it," said BAWAG spokesman Thomas Heimhofer. "We have no information or hints (that such talks are being held)."

Cerberus could not immediatly be reached for comment.

Cerberus bought BAWAG, Austria's fifth-largest bank, for 3.2 billion euros ($5 billion) last May from Austria's trade union federation OeGB after the bank was revealed to have heavy hidden losses. (Reporting by Karin Strohecker; editing by Rory Channing)