Consortium led by Cerberus and JC Flowers buys Germany's HSH Nordbank for €1bn

The deal are completed: The federal state owners Hamburg and Schleswig-Holstein and the Savings Bank Association of Schleswig-Holstein have concluded a contract to sell all of their indirectly held HSH Nordbank AG shares (in total 94,9 percent). The US investors Cerberus and J. Christopher Flowers, already owns 5.1 per cent…