PropertyEU

Hypo RE to move toxic assets into bad bank by year-end

By A staff reporter 2010-08-16T00:00:00

Nationalised German lender Hypo Real Estate said last week that it hopes to complete the planned move of around EUR 210 bn of toxic assets into a 'bad bank' during the fourth quarter of the year. In a statement announcing its Q2 financial results, the Munich-based bank also said that ...

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