HSH Nordbank reduces stake in IVG
Hamburg/Kiel, January 12, 2007 - Due to the market’s strong interest in IVG stock, HSH Nordbank has decided to increase the free float further and to reduce its holding, which is medium term in nature, from 5.1% to approx. 2.5%. Simultaneously HSH Nordbank enters into a hedging transaction on the remainder, pursuant to which HSH Nordbank will retain limited exposure to movements in the IVG share price.
HSH Nordbank AG is a strong regional bank in Northern Europe with total assets of € 192 billion. Some 4,400 of the bank’s employees provide corporate and high net-worth clients around the globe with premium bank products and services. In its core region of Hamburg and Schleswig-Holstein, it is the market leader in the corporate customer segment. HSH Nordbank is an acknowledged partner of the capital markets and international sector specialist. Its main focus is on transportation and real estate. In fact, HSH Nordbank is the world’s largest provider of ship finance and covers the entire value chain in the transportation segment. In the area of real estate, HSH Nordbank is one of the strongest banks in Germany, acting as a provider of services relating to all aspects of real estate.
For more information please visit our website at www.hsh-nordbank.com.
The information contained in this press release does not constitute an offer for the sale of any type of Hamburg Commercial Bank AG securities. Securities of Hamburg Commercial Bank AG may not be sold in the United States without registration pursuant to US securities legislation, unless such a sale takes place on the basis of relevant exceptional provisions.
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