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Media: HSH Nordbank close to deal with new owners

German shipping bank HSH Nordbank has allegedly sealed a deal with two US-based equity funds, report German media. According to Wall Street Journal, the funds will buy the bank at a much higher price than originally assumed.
by KATRINE GRØNVALD RAUN

HSH Nordbank will soon be able to present its new owners. According to several German media outlets, the bank has reached an agreement with the two US-based equity funds, J.C. Flowers & Co. and Cerberus Capital, with which it entered exclusive talks back in January.

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