DGAP-Adhoc: Norddeutsche Landesbank Girozentrale: Status of bidding process / Reduction of NPL Shipping Portfolio

2018. december 03., hétfő, 23:56





DGAP-Ad-hoc: Norddeutsche Landesbank Girozentrale / Key word(s): Strategic Company Decision/Corporate Action


Norddeutsche Landesbank Girozentrale: Status of bidding process / Reduction of NPL Shipping Portfolio


03-Dec-2018 / 23:56 CET/CEST


Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.


The issuer is solely responsible for the content of this announcement.








Ad hoc announcement of inside information according to Art. 17 of Regulation (EU) No. 596/2014

 
Norddeutsche Landesbank Girozentrale: Status of bidding process / Reduction of NPL Shipping Portfolio
Hannover, 3 December 2018:


On 28 November 2018, Norddeutsche Landesbank Girozentrale, Hanover ("NORD/LB") received four offers for investor participations in NORD/LB in connection with a bidding process initiated at the end of September to evaluate NORD/LB"s options to strengthen its capital basis.


Following an initial analysis of the received bids, NORD/LB"s holders (Träger) have decided today, 3 December 2018, to conduct follow-up discussions with such bidders concerning important framework conditions. Subsequently one or more bidders will be chosen to carry on further in-depth negotiations. In addition, other options will be discussed based on previous conversations. Due to the complexity and different strategic directions of the bids, a final decision in favour of one of the options may only be made at the beginning of next year in close cooperation with the supervisory authorities.


In addition, NORD/LB continues to work on the thorough reduction of its NPL Ship Financing Portfolio. In this context, the progress regarding the reduction of this portfolio before the implementation of options to strengthen NORD/LB"s capital basis may lead to a temporary decrease of capital ratios and a potential balance sheet loss.


Norddeutsche Landesbank - Girozentrale -


Friedrichswall 10


30159 Hannover


Deutschland
Eine vollständige Übersicht der Eigenemissionen der NORD/LB ist abrufbar auf der Website der


NORD/LB - unter: https://www.nordlb.de/kapitalmarktportal/endgueltige-bedingungen/





Contact:

Chief Compliance Officer

Dr. Michael Lange

Georgsplatz 1

30159 Hannover

0511 361 2228








03-Dec-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: Norddeutsche Landesbank Girozentrale

Friedrichswall 10

30159 Hannover

Germany
Phone: +49 (0) 511 361-0
Fax: +49 (0) 511 361-2502
E-mail: info@nordlb.de
Internet: www.nordlb.de
ISIN: DE000NLB8KA9
WKN: NLB8KA
Listed: Regulated Market in Frankfurt (General Standard), Hanover; Regulated Unofficial Market in Berlin, Hamburg, Munich, Stuttgart; London, Luxembourg Stock Exchange





 
End of Announcement DGAP News Service




754031  03-Dec-2018 CET/CEST







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