Late Wednesday, HSH Nordbank AG announced that its shareholders unanimously approved increasing the bank's equity capital through a €3 billion ($4.1 billion) capital infusion from the German state of Schleswig-Holstein and the city-state of Hamburg. Supervisory Board Chairman Dr. Wolfgang Peiner stated that the shareholder resolution has "[l]aid an important milestone for HSH Nordbank’s sustainability for the future.” The additional capital comes on top of a previous €3 billion capital injection and €10 billion in government guarantees also received from Schleswig-Holstein and Hamburg.
Register Now As you are not an existing subscriber please register for your free daily legal newsfeed service.Register
If you have any questions about the service please contact firstname.lastname@example.org or call Lexology Customer Services on +44 20 7234 0606.
HSH Nordbank to receive state assistance
If you are interested in submitting an article to Lexology, please contact Andrew Teague at email@example.com.
Senior Patent Counsel
Royal DSM NV