June 14, 2018 / 4:38 PM / in 4 months

HSH posts pretax loss on one-offs, privatisation costs - sources

FRANKFURT (Reuters) - German lender HSH Nordbank has posted a first-quarter pretax loss of about 60 million euros (52.6 million pounds), as one-offs and costs for the privatisation of the bank weighed on earnings, people close to the matter said.

FILE PHOTO: The logo of HSH Nordbank is seen in Hamburg, Germany, April 26, 2018. REUTERS/Fabian Bimmer

HSH, which is due to publish its figures on Friday, declined to comment.

HSH was sold to a consortium of buyout groups in February by its public-sector owners, ending a chapter which has cost taxpayer more than 10 billion euros.

Reporting by Klaus Lauer; Writing by Arno Schuetze

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