ShippingWatch

HSH Nordbank nearing a sale

CEO of HSH Nordbank, Stefan Ermisch, tells German media that the bank is close to a solution and that an equity fund would be the right buyer.

Germany's largest shipping bank, state-owned HSH Nordbank, is very close to resolving the bank's future, says CEO Stefan Ermisch, according to Reuters, to Germany's WirtschaftsWoche.

The final deadline for bids on the bank is the end of October. The bank is set to be privatized by February 2018 at the latest, due to requirements from the EU Commission which has approved several capital injections to HSH Nordbank.

Read this article for free

Register with your E-mail.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

Related articles

Latest news

Jobs

See all

See all