On Friday evening the lender said DVB Bank America sold its position in what a statement described as a “profit participation loan”.
The bank pointed out that the Curacao-based affiliate also offloaded its position under an investment advisory and management agreement.
When contacted by TradeWinds a spokeswoman said the transactions, which will result in a gain of EUR 22m ($27.3m), involved the group’s shipping unit but declined to elaborate further.
On
