Media: HSH Nordbank could be sold for close to EUR 200 million

According to the Wall Street Journal, German bank HSH Nordbank expects to be sold for approximately EUR 200 million after three separate bids were made to take over the bank.

There are three different price offers on German bank HSH Nordbank, which is expected to be sold for close to EUR 200 million, reports Wall Street Journal, speaking to people familiar with the matter.

According to the newspaper, one bid has been made by private equity funds Cerberus Capital Management LP and J.C. Flowers, while a further two separate bids were submitted by from Apollo Capital Management and London-based Socrates Capital.

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