A PYMNTS Company

Germany: Merger talks between NordLB and Helaba have ended

 |  January 3, 2019

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

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.