FRANKFURT May 14 Commerzbank is in
intensive talks to divest the bulk of its 5.7 billion euros
($7.4 billion) in British property loans, Germany's second
biggest lender said in the prospectus of its capital increase
published on Tuesday.
Commerzbank wants to sell the portfolio to private equity
investor Lone Star and U.S. bank Wells Fargo, a source
familiar with the transaction had said last month.
Commerzbank is hiving off the UK property loans business of
its mortgage unit Hypothekenbank Frankfurt International,
formerly known as Eurohypo as a way to cut down the size of its