Exclusive: Germany’s HSH Nordbank Says Aims To Buy Shipping Loans From Other Banks

www.oann.com | 4/26/2018 | Staff
bungienet (Posted by) Level 3
LONDON (Reuters) – Germany’s HSH Nordbank, once the world’s biggest ship financier, aims to buy shipping loans from other banks and make new investments in the industry as it emerges from years of turmoil, a top bank official said.

The bank’s regional government owners are selling the lender to buyout groups Cerberus Capital Management and J.C. Flowers, with investors GoldenTree, Centaurus Capital and Austrian bank BAWAG also taking stakes.

HSH - End - Process - Privatization - Time

“HSH, at the end of this process of privatization, will for the first time since 2008 be restored. We will not have the same restrictions we faced or...
(Excerpt) Read more at: www.oann.com
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