The struggle for the salvation of the Nord LB enters its hot Phase. On Saturday, the Bank received a joint offer from two financial investors. “We will consider the offer of the two investors now thoroughly and on this Basis, together with our makers to decide on further action,” said the Chairman of the Board Thomas Bürkle, according to a press release.

He was confident that it will soon come to a fundamental decision on the direction of. “We’re continue to open for a public solution.” Who are the two investors are not informed the Bank. According to information from the German press Agency is the us financial investor Cerberus and Centerbridge. Whether the company Apollo is still in the race, was initially unclear.

The deadline for the submission of Offers expires on Saturday. The Nord-LB-spokesman Thomas Klodt said on Friday, with the German press-Agency, private investors had asked for a delay. Then, a “time-limit had been granted an extension until tomorrow”. In the case of private investors, it had been according to Reports, in order to Cerberus, centerbridge and Apollo.

3.5 billion

The Hanover-based money house financial requires, overall, a good 3.5 billion euros. The Nord LB had the least recorded due to the difficult business of ship financing, billions in losses and need also because of the stricter EU demands for the equity ratio urgently fresh money. The largest shareholder is lower Saxony, as well as numerous savings banks are involved.

That two investors have submitted a joint bid, is a Surprise. Nevertheless, it is obvious that they can work together to make a better offer than this alone.

The Deutsche Sparkassen – und Giroverband (DSGV) had argued previously for a consolidation at the level of the country banks, and addiction, according to unofficial information, a public catch-all solution. At a Meeting of the owners in the case of the banking supervision of the European Central Bank, the way will be for public support.