NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
Wells Fargo & Co Acquires Hypothekenbank Frankfurt UK Commercial Real Estate Portfolio From Commerzbank AG
Wells Fargo & Company announced that it has signed an agreement to acquire Commerzbank's Hypothekenbank Frankfurt (formerly Eurohypo) U.K. commercial real estate portfolio. The transaction includes a GBP4.0 billion ($6.05 billion) portfolio of commercial real estate loans throughout the U.K. with a focus in London. A portion of the portfolio, consisting of approximately GBP1.3 billion ($1.96 billion) of non-performing assets, will be acquired by Lone Star Funds, with Wells Fargo providing the financing. The transaction is expected to close in Q3 2013.
Latest Key Developments in Banks
- Danish FSA approves Sydbank's acquisition of the shares in DiBa Bank A/S
- Danish FSA approves Sydbank A/S' acquisition of the shares in DiBa Bank
- Finanstilsynet approves merger between Svendborg Sparekasse and Vestfyns Bank
- Woori Finance Holdings Co Ltd amends effective date of internal reorganization
- Share this
- Digg this