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Fri 01 Jan 2009Hypo Real Estate set to dispose of Dublin subsidiary Depfa
GERMAN OFFICIALS meeting this morning to decide on whether to nationalise troubled commercial lender Hypo Real Estate (HRE) have indicated that a decision has already been made to cut loose its Dublin subsidiary, Depfa.
The Dublin bank, bought by HRE for €5 billion in 2007, will be separated from the rest of the group, according to government sources, regardless of whether a full nationalisation goes ahead.
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