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HRX.DE Indice: DAX
Hypo Real Estate Group
was formed by HypoVereinsbank’s demerging of its commercial real estate
financing activities. This involved spinning off German as well as international
units, all of which were then incorporated in Hypo Real Estate Group and
provided with a new corporate strategy. Hypo Real Estate Group today operates
in complete independence from HypoVereinsbank, possessing a transparent
corporate structure with clearly assigned responsibilities.
Hypo Real Estate Group
is led by Hypo Real Estate Holding AG, a public company with headquarters
in
Munich, Germany, which is responsible for strategic guidance and acts as
a gateway to equity markets.
The subsidiaries grouped
below the holding's umbrella are legally and operatively separate from
each other.The business goals they pursue, however, are coordinated inside
the Group. Hypo Real Estate Bank International, for its part, has charge
of the Group's entire international business, while Hypo Real Estate Bank
concentrates on business in Germany, and Hypo Public Finance Bank deals
with the business areas of public finance and capital markets.
Die Hypo Real Estate Group
ist durch die Abspaltung der gewerblichen Immobilienfinanzierungsaktivitäten
der HypoVereinsbank entstanden. Bei diesem Schritt wurden sowohl die deutschen
Hypothekenbankbeteiligungen als auch die internationalen Immobilienfinanzierungsaktivitäten
der HypoVereinsbank an die Hypo Real Estate Group übertragen und strategisch
neu ausgerichtet. Die Hypo Real Estate Group operiert völlig unabhängig
von der HVB Group. Sie hat eine transparente Unternehmensstruktur mit klaren
Zuständigkeiten.
An der Spitze der Hypo
Real Estate Group steht die börsennotierte Hypo Real Estate Holding
AG mit Sitz in München.
Die unter der Holding
angesiedelten Gesellschaften sind rechtlich und operational voneinander
getrennt, verfolgen aber innerhalb der Gruppe aufeinander abgestimmte Unternehmensziele.
Die Hypo Real Estate Bank International bündelt das komplette Auslandsgeschäft
der Gruppe, die Hypo Real Estate Bank konzentriert sich auf das Deutschlandgeschäft
und die Hypo Public Finance Bank betreibt die Geschäftsbereiche öffentliche
Finanzierungen und Capital Markets
http://www.hyporealestate.com/
06.10.2008
Hypo
Real Estate Group welcomes agreement on credit lines
Hypo
Real Estate Group welcomes agreement on credit lines Munich, 6 October
2008 – The Management Board of Hypo Real Estate
Holding
AG has welcomed the agreement between the German Government, the German
Central Bank, the Financial Regulator BaFin and senior representatives
of the German banking and insurance sector regarding credit lines for Hypo
Real Estate Group. “We are very grateful for the support of all the parties.
This solution ensures that Hypo Real Estate Group is stabilised, will have
access to sufficient liquidity even in an ongoing financial crisis, and
can continue to operate”, Georg Funke, CEO, stated on Monday morning in
Munich.
The
Ministry for Finance stated earlier that the finance sector will grant
Hypo Real Estate Group an additional secured credit line of €15bn
in
addition
to the €35bn already offered jointly by the German Government and
finance sector. This increase became necessary as a result of the intensification
of the financial crisis during the past week. The Government is providing
a guarantee of up to €35 bn.
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