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.