Tag Archives: WestLB

WestImmo set to transfer €24bn loan book to bad bank

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WestImmo, the real estate lending subsidiary of WestLB, has confirmed the expected transfer of its €24bn European property loan book into Erste Abwicklungsanstalt (EAA), WestLB’s bad bank in two months, save for an unlikely 11th hour bid to buy the … Continue reading

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Apollo’s €400m WestImmo deal ‘expected’ in September

Apollo Global Management’s protracted deal to buy €400m WestImmo is expected to go through in September at the earliest. The US opportunity manager is still in negotiations with nationalised WestLB, the German lender’s owner, to transfer around €8bn and €9bn … Continue reading

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