With its new ownership settled, German shipping bank HSH Nordbank is ready for a fresh start. CEO Stefan Ermisch describes the long-awaited privatization of the bank as a new era following Wednesday's announcement that a consortium of financial investors has acquired the bank for EUR 1 billion.
The German states of Hamburg and Schleswig-Holstein have been negotiating since January with investment funds Cerberus and J.C. Flowers, and it emerged yesterday, Wednesday, that another three investors are involved in the purchase, namely GoldenTree Asset Management, Centaurus Capital and Austrian bank Bawag.
Already a subscriber? Log in.
Read the whole article
Get 14 days free access.
No credit card required.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.Start a free company trial today
Your trial for ShippingWatch has now started
With your free trial you get:
Full access to all locked articles on ShippingWatch.
Daily newsletter and ongoing top-newsletters. You can unsubscribe and subscribe to our newsletters anytime.
When your trial period expires
You will not be transferred to a paid subscription.
You will continue to receive our newsletters after the trial period expires. You can unsubscribe at the bottom of each newsletter.