PropertyEU

WestImmo to be transferred to 'bad bank' on 30 June

By A staff reporter 2012-06-28T00:00:00

Stricken German lender WestLB, which received state aid following the financial crisis in 2008, will transfer a portfolio valued at around EUR 100 bn, including WestImmo, to Germany's so-called 'bad bank' EAA on 30 June 2012.

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