Presentation of the acquisition of German real estate bank The Fund's bank was introduced to the German government to acquire a bank,

Presentation of the acquisition of German real estate bank The Fund's bank was introduced to the German government to acquire a bank,

"Hypo Real State" of the troubled mortgage lender. The Fund said the stability of financial markets, the German "Sovin" The introduction of cash 1.39 euros (1.82 dollars) for the shares will remain in effect until the fourth of May next. It is possible to complete the transaction through a special law went into effect on 9 April. If the bank's shareholders rejected the offer, the right of the government takeover of the bank by force, the minimum price of 1.26 euros per share. The Chairman of the Board of Directors Hans Sovin Reem said "in light of the serious situation which he finds a Hypo Real State Holding the same, we believe that before an attractive price." He added that the control of the entire stock by 100% is the "only way in which we can implement the actions necessary to bring about the stability of the bank's financial markets and thus are legal permanent efficiently." It was the largest contributor to the World Bank Group controlled by U.S. investor Christopher Flowers owns 21.7% of the shares. The Group expressed its desire to maintain the same quota. This is an emergency law, which was described as a last resort to bring about stability in the German capital market is the first time in modern Germany in which banks shareholders to the possibility of confiscation of their property. The Government has already bought an 8.7% share of troubled bank, and represents a first step to impose full control and reduce the share of Flowers, which amounts to 24%. The Munich-based bank had announced in October that he was facing financial difficulties.