Stefan Ermisch
HSH Nordbank
HSH Nordbank sale to Cerberus and JC Flowers imminent
It now looks certain that ailing state-owned HSH Nordbank will be bought by US private equity firms Cerberus and JC Flowers, and a deal could be announced as early as this week, according to local business reports in Hamburg. Read more
HSH Nordbank
Sale process for HSH Nordbank heads into final straight
The highest bid from the three remaining bidders for the troubled Kiel- and Hamburg-headquartered HSH Nordbank is coming in at about €200m, according to a recent report in the Wall Street Journal. Following an EU decree... Read more
HSH Nordbank
Private equity groups battle it out for HSH Nordbank
The majority owners of German lender HSH Nordbank, the federal states of Hamburg and Schleswig-Holstein, have received ‘several binding bids’ for the bank by the deadline of 27 October, they announced this weekend. Read more
HSH Nordbank
HSH Nordbank sells further NPL tranche as it readies for sale
Mid-sized northern German Landesbank HSH Nordbank made a further significant step towards cleaning up its balance sheet by selling off €1.64bn of legacy loans, as part of its mission to ready itself for new ownership as decreed by the EU following... Read more