Commerzbank sells ship restructuring platform HSAM GmbH

Commerzbank sells ship restructuring platform HSAM GmbH

23/07/2015

  • Sale of HSAM GmbH with 18 ships for a purchase price of approximately 255 million U
  • Consistent continuation of value-preserving run-down in Non-Core Assets (NCA) segment
  • Transaction reduces portfolio in Deutsche Schiffsbank division and leads to substantial value retention for Commerzbank