German shipping lender Bremer Landesbank acceded to demands from its state-based owners to sell out to NordLB for a price of EUR 180m ($201m).
In a statement, NordLB said that, after “intensive” negotiations, the City of Bremen and the Lower Saxony Association of Savings Banks agreed to sell their stake in Bremer.
“The future of (Bremer Landesbank) is thus secured,” NordLB said.
The
