Westimmo may divest non-performing loans into bad bank - report

By A staff reporter 2011-03-15T00:00:00

Germany's Westdeutschen Immobilienbank (WestImmo) is considering divesting its poorly performing or non-performing real estate loans into a workout unit or bad bank of parent WestLB, in a bid to make the real estate lending business more attractive to sell, according to a news report in the Financial Times Deutschland.

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