HSH Nordbank has completed its EUR 1bn ($1.2bn) privatisation and will re-emerge under private equity fund ownership in February as Hamburg Commercial Bank.
The restructured German shipping lender has become the only successfully privatised state-owned Landesbank in Germany.
The new shareholders are Cerberus Capital Management, JC Flowers, GoldenTree Asset Management, Centaurus Capital and BAWAG, who agreed to buy a combined 94.9%
