Media: New buyer in the running for HSH

A new buyer has entered the field as potential buyer of HSH Nordbank, according to the German business media Handelsblatt. The bank has been put up for sale after years of poor results, in particular due to its shipping investments.

by LOUISE VOGDRUP-SCHMIDT

A US-based buyer, namely major equity fund Cerberus Capital Management, which counts among the world's largest investment funds, is now taking part in the running to become the new owner of Germany's HSH nrodbank.

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