The Institute shall take effect on the market as a German Pfandbriefbank (DPP) on. The majority of the shares should be placed from 10.75 to 12.75 euros per share, the bank said on Tuesday. Can offer investors from Wednesday until July 15, after the price of up to some 107 million shares are to be certain. Then the first day of trading on the regulated market on the Frankfurt Stock Exchange is scheduled for 16 July. The Bank announced its intention to pay a dividend in the amount of 40 to 50 percent of profits to shareholders in the future.
75.1 percent stake now wants to get rid of the federal government, but he has committed, for two years a 20 percent stake to stay. Quite going is the state HRE, which is considered a symbol of the financial crisis, so at the earliest in 2017. The separation of the real estate bank is a condition of the EU Commission that the Federal Government in exchange for multibillion dollar rescue and nationalization of HRE in the global financial crisis must meet.
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