Shipping bank NordLB could be nearing a sale of its last non-performing shipping loans.
According to Reuters, the bank is in exclusive talks with private equity fund Cerberus for a sale of the last remaining non-performing shipping loans the bank has in its books. The negotiations also involve a share transaction with NordLB, and for this the bank, in addition to Cerberus, is also talking to Centerbridge, which is interested in acquiring a stake in the bank, reports the news agency.
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