HSH Nordbank To Exit Foreign ReFi Market

Law360, New York (November 23, 2011, 1:16 PM EST) -- German banking giant HSH Nordbank AG will discontinue its international real estate financing business as part of a deal it made to receive government aid during the financial crisis in 2009, HSH Nordbank announced Wednesday.

A spokesman said the bank will not make any new foreign real estate investments, though it will not divest itself of the investments currently on its books.

HSH Nordbank currently has about $2.7 billion in foreign real estate assets, the spokesman said. The company also has about $13.4 billion in German...
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