Hypo Real privatisation eyed in 2013/14 - source
FRANKFURT, July 6 |
FRANKFURT, July 6 (Reuters) - Germany will start looking into privatising its property lender Hypo Real Estate (HRE) [HRXGe.DE] in 2013 or 2014, a source told Reuters.
"In 2013 or 2014, Germany will actively tackle the topic and prepare the privatisation," a financial source said, adding the government was hoping markets would improve by then.
HRE, whose business model combined investment banking with real estate finance, became Germany's highest-profile casualty of the credit crunch and was nationalised last year.
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