Property investor understood to be seeking less than the €37.8m it paid in 2014
German state bad bank sold business to Bawag, which will continue the orderly winding down of the business
Bank expects to make money by running down former public sector lender
Depfa is former unit of Hypo Real Estate, which was bailed out in Germany
Bank based in Dublin is in wind-down mode and has more than €630m in reserves
The German lender based in Dublin has also drawn interest from hedge funds
Bank nearly collapsed during 2008 financial crisis
ECB said capital may be needed to support lending to households and businesses during pandemic
Dublin-based Depfa is planning to hand back excess capital to German bad bank FMS-WM
Seen & Heard: Boomtime property financier Derek Quinlan facing bankruptcy petition
Former chief executive feels persecuted by investigation
German bank likely to strip out Dublin-based bank’s excess capital before seeking disposal
Depfa’s net profit almost doubled last year due to asset and liability transactions with FMS-WM
Depfa executives and FMS-WM believe sale of licensed Irish bank could play into Brexit shakeout
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