Depfa Bank to sell Deutsche Pfandbriefbank

German's Depfa Bank, which has a base in Dublin, plans to sell its German unit, Deutsche Pfandbriefbank, to help boost its credit rating and expand in the US.

Depfa Bank to sell Deutsche Pfandbriefbank
Mon, 01 Mar, 2004 - 16:08

German's Depfa Bank, which has a base in Dublin, plans to sell its German unit, Deutsche Pfandbriefbank, to help boost its credit rating and expand in the US.

The sale will free up core capital of around €1.3bn and Depfa expects the transaction to be completed by the end of the third quarter of 2004.

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CourtsBusinessHeathrowPlace: DublinPlace: USPlace: IrelandPlace: EuropePlace: United StatesPlace: AsiaOrganisation: Depfa BankOrganisation: Deutsche PfandbriefbankOrganisation: Depfa
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