NordLB has reportedly abandoned plans to offload a EUR 1.3bn ($1.5bn) portfolio of shipping loans to US private equity giant KKR.
The German bank also said that a sale of individual ship loans was more profitable than a sale of portfolios, reports Reuters.
KKR had reportedly put the deal on the back burner earlier this year, partly due to a lack of progress in talks over pricing for the assets, the news agency said.
