March 11 Private equity firms are looking to buy
the UK property business of Germany's second-biggest lender,
Commerzbank AG, in a potential 5 billion pound ($7.45
billion) deal, the Financial Times reported on Monday, citing
several people familiar with the matter.
U.S. investment firms such as Blackstone, Lone Star
and Starwood Capital have expressed interest in buying all or
part of Eurohypo, the German bank's commercial property lending
business, the newspaper said.
Commerzbank declined to comment on the report.
The Financial Times reported that the 5 billion pound price
represents the nominal value of Eurohypo's UK loans.
Barclays was said to be managing the sale.
A sale is not the only option being considered, with
Commerzbank preferring to hold the loans until maturity rather
than sell at a steep discount, the report said.