HSH Nordbank has found its new owners

The sale of HSH Nordbank has been settled. The soon-to-be former owners, German federal states Hamburg and Schleswig-Holstein, have announced the bank's future at a press conference Wednesday.

by DANIEL LOGAN, KATRINE GRØNVALD RAUN

German states Hamburg and Schleswig-Holstein have agreed on a sale of HSH Nordbank after negotiating for months. At a press conference, the federal states have now presented the bank's future, today Wednesday – the very day when the deadline to find a buyer for the bank expires at midnight.

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Media: HSH Nordbank close to deal with new owners
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HSH Nordbank still struggling with shipping portfolio
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