Hypo Real Estate to Get EU35 Billion Bailout From State, Banks – Bloomberg

September 29, 2008 on 12:00 pm | In Real Estate | No Comments

Hypo Real Estate to Get EU35 Billion Bailout From State, Banks – Bloomberg
Sept. 29 (Bloomberg) — Hypo Real Estate Holding AG , Germany’s second-biggest commercial-property lender, will receive a 35 billion-euro ($50 billion) guarantee from the government and private banks to save it from potential collapse. The bank’s

Germany’s Hypo Real Estate secures credit rescue – Monsters and Critics
Munich – German mortgage bank Hypo Real Estate has been rescued in a last-minute deal by a consortium of banks to resolve a refinancing squeeze it faced, the group said early on Monday. Emergency talks yielded a result with a group of German banks

STOCKS NEWS EUROPE-Hypo Real shares sink; secures credit line – Forbes
Shares in German property lender Hypo Real Estate plummet 61.5 percent to 5.20 euros after news it has secured a credit line from a consortium of listed and public-sector banks in Germany that will secure its financing until end-2009. Several

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