Germany’s Nord/LB bank has received a €2.8bn ($3.17bn) cash capital injection from its shareholders.
The new and existing owners of the German ship financier have taken the last step necessary for the realignment of the Hanover-based bank, which has a shipping portfolio of €6.1bn.
The treaty was signed on 21 December by the German states of Lower Saxony, Saxony-Anhalt and Mecklenburg-Vorpommern.
