Tag Archives: Hypo Real Estate Group

by | November 27, 2008

Merger of Hypo Real Estate Bank International AG into Hypo Real Estate Bank AG completed

Board Member and Chief Operating Officer Frank Krings “First step towards simplifying the Group structure” Hypo Real Estate Group has completed the previously announced merger of its two real estate banks today. Hans Obermeier for Hypo Real Estate Group The … Continue reading →

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by | November 17, 2008

Changes to the Supervisory Board of Hypo Real Estate Holding AG – Dr Michael Endres to be nominated as Chairman of the Supervisory Board

Changes to the composition of the Supervisory Board of Hypo Real Estate Holding AG will take place related to the provision of a liquidity facility by a financial consortium, Deutsche Bundesbank, and the German Federal Government. Hans Obermeier for Hypo … Continue reading →

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by | November 12, 2008

Press release Hypo Real Estate Group: Negotiations for a EUR 50 billion liquidity facility for Hypo Real Estate Group completed

* Provisional pre-tax loss of approx. EUR 3.1 billion in the third quarter of 2008, including write-offs of approx. EUR 2.5 billion on intangible assets (DEPFA) * Further negative impacts on earnings expected in the fourth quarter of 2008 and … Continue reading →

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by | October 30, 2008

Financial Markets Stabilisation Fund guarantees bank bond – First element of liquidity facility agreed with consortium of banks

Germany: The German Financial Markets Stabilisation Fund (“SoFFin”) today granted the EUR 15 billion guarantee applied for by Hypo Real Estate Group on 28 Oct 2008. Hans Obermeier Hypo Real Estate Group The guarantee will cover a bank bond which … Continue reading →

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by | October 29, 2008

Hypo Real Estate Holding AG: Liquidity facilities and Financial Markets Stabilisation Fund

The contractual arrangements with a German finance sector consortium, Deutsche Bundesbank and the German Ministry of Finance regarding the liquidity lines totalling EUR 50bln, as announced on 6 October 2008, are currently in the final stages of negotiation. The liquidity … Continue reading →

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by | October 21, 2008

SoFFin grants EUR 20 billion framework guarantee to Hypo Real Estate Group

The German Financial Markets Stabilisation Fund (“SoFFin”) has granted a EUR 20 billion framework guarantee to Hypo Real Estate Group, to strengthen the Group’s liquidity. Hans Obermeier for Hypo Real Estate Group Hypo Real Estate Bank AG, part of Hypo … Continue reading →

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by | October 14, 2008

Hypo Real Estate Holding AG: Supervisory Board commissions legal enquiry

The Supervisory Board of Hypo Real Estate Holding AG has retained Milbank Tweed Hadley McCloy LLP, to examine a possible breach of duty by former Board Members Mr. Georg Funke and Mr. Bo Heide-Ottosen. Pressestelle Hypo Real Estate Group The … Continue reading →

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by | October 10, 2008

Kurt F. Viermetz resigns from the Supervisory Board of Hypo Real Estate Holding AG, following replenishments to the Management Board

Germany: With the Supervisory Board of Hypo Real Estate Holding AG having refilled key positions on the Management Board at the start of this week, the Chairman of the Supervisory Board, Kurt F. Viermetz, has abdicated his mandate as Chairman … Continue reading →

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by | October 7, 2008

Supervisory Board appoints new Members to the Management Board of Hypo Real Estate Holding AG – Dr. Axel Wieandt to take over as CEO on Monday, 13 October

The Supervisory Board of Hypo Real Estate Holding AG has decided on important changes to the Management Board of the company. Hans Obermeier Hypo Real Estate Group Dr. Axel Wieandt (42) will take over as CEO of Hypo Real Estate … Continue reading →

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by | October 7, 2008

Hypo Real Estate Holding AG: Georg Funke, CEO of Hypo Real Estate Holding AG, leaves the Group

Georg Funke, CEO of Hypo Real Estate Holding AG, in agreement with the Supervisory Board, will leave the Group with immediate effect and has resigned from all mandates within the Group. Hans Obermeier Hypo Real Estate Group For the time … Continue reading →

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