Nationalization looks ever more likely for Germany's highest profile casualty of the financial crisis, Hypo Real Estate
Ema Nevenka JülichJune 2, 2009
Nationalization looks ever more likely for Germany's highest profile casualty of the financial crisis, Hypo Real Estate. At an extraordinary meeting in Munich today, the government which already holds a 47 percent stake in Hypo Real Estate, won the majority of votes it needs for a capital increase. That paves the way for nationalising the troubled lender, HRE.