July 3, 2017 / 2:12 PM / 3 months ago

NordLB drops plans to sell shipping loans to KKR - Handelsblatt

FRANKFURT, July 3 (Reuters) - German lender NordLB has abandoned efforts to sell a 1.3 billion euro ($1.5 billion) portfolio of shipping loans to KKR, Handelsblatt reported on Monday, citing a spokesman for NordLB.

NordLB had said in April it hoped to complete a deal by the end of June.

Neither NordLB nor KKR were immediately available for comment.

$1 = 0.8800 euros Reporting by Maria Sheahan; Editing by Arno Schuetze

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