Hypo Real Estate makes ¤156m debut profit

2 April 2004

The bank, which came into existence in September after it was spun off on to the German Stock Exchange by HypoVereinsbank, said the profit was above earlier expectations of ¤100m (£67m). This was because of better-than-expected trading and a one-time income of ¤35m (£23m) from the acquisition of minority interests ...

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