Major German bank will sell ships in bundles to equity funds

Germany's second-biggest lender to the shipping industry, Norddeutsche Landesbank (NordLB), will try to make Asian private equity funds acquire parts of the bank's loans. Last year the German bank began to combine ships in bundles of 10-20 units that the bank offers to equity funds in Asia through its Singapore branch, Thomas Buerkle, member of the NordLB executive team and head of the bank's risk division, tells Bloomberg.
Read the whole article
Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
NordLB calls for caution in the shipping market
For subscribers
Judgment day for the German shipping banks
For subscribers
NordLB: Still reason to believe in shipping
For subscribers