Hamburg Commercial Bank to take over NIBC shipping business

German lender Hamburg Commercial Bank (HCOB) has struck a deal to acquire the shipping portfolio of Dutch counterpart NIBC. The deal comprises NIBC’s shipping portfolio of senior secured loans worth $992m. NIBC, which has been providing ship financing from €10m and €50m to a diversified clientele in maritime hubs of North-West Europe, Athens, New York …

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