Frankfurt A deal worth billions is emerging on the German banking market: according to financial circles, the owners of Hamburg Commercial Bank (HCOB) are considering selling the money house.
The former HSH Nordbank was the first and only state bank to be privatized in 2018. Four years later, the majority owners, the financial investors Cerberus and JC Flowers, are now exploring a resale of the institute, as several people familiar with the topic told the Handelsblatt.
The investment bank Morgan Stanley has begun to sound out several financial institutions on behalf of the owners to see whether they are interested in taking over HCOB. These are initial exploratory talks and not yet a formal sales process.
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