Talks between ailing German public sector bank NordLB and fellow public-sector lender Helaba about a possible merger have ended, Germany daily Boersen-Zeitung reported on Thursday, January 3, citing no sources.
The paper said Helaba’s management board informed its Board of Trustees and Board of Directors in a letter dated December 21 that the merger talks had come to an end without agreement.
According to Reuters, a spokesman for NordLB declined to comment on the report. Helaba could not immediately be reached for comment.
Full Content: Reuters
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