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Access here alternative investment news about Nordlb Mulls Stake Sale To Private Equity, Savings Banks - Sources | Reuters
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Nordlb Mulls Stake Sale To Private Equity, Savings Banks - Sources | Reuters

by reuters.com posted 3weeks ago 13 views
* Stake sale could be mix of public, private investors -sources. : FRANKFURT, Sept 26 (Reuters) - German public-sector bank NordLB, which aims to boost its capital by about 3 billion euros ($3.5 billion) to cope with bad ship loans, is considering a stake sale to a mix of private equity investors and savings banks, sources close to the matter said. NordLB said in a statement on Wednesday that it was working on a restructuring plan that could include bringing in new investors, adding it mandated JP Morgan and Houlihan Lokey to help it negotiate with potential bidders.

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