HSH Nordbank Starts Talks With Potential Buyers – gCaptain
▻https://gcaptain.com/hsh-nordbank-starts-talks-potential-buyers
HSH Nordbank AG will stick to its full-year outlook when it reports nine-months results next week, a crucial yardstick for potential investors as the bank starts to gauge interest in its planned privatization, according to a person with knowledge the plans.
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The states of Hamburg and Schleswig-Holstein, which hold about 85 percent of the bank, picked Citigroup to organize the sale, which was ordered by the European Union in a state-aid ruling and is scheduled to happen by 2018. Reuters reported on the pre-marketing talks late on Friday.