Journal # HRE/ Hypo Real Estate is set to be fully nationalised # 06.10.2009 08 UTC

Hypo Real Estate is set to be fully nationalised. On Monday the government forced minority shareholders to sell their remaining stakes in the property lender. Because of its involvement in the German bond market, HRE was considered too important to fail, and it's received 100-Bbillion euros in state guarentees to keep it afloat since the financial crisis broke. With full control, Berlin now has a free hand to restructure the company. But minority shareholders didn't go quietly.