Wells Fargo To Buy Commerzbank’s U.K. Property Loans

Mani

Published onJuly 15, 2013

Updated on May 13, 2021

Wells Fargo & Co (NYSE:WFC) has entered into an agreement to acquire Commerzbank’s Hypothekenbank Frankfurt U.K. commercial real estate portfolio.

The leading commercial real estate lender in the U.S, Wells Fargo & Co (NYSE:WFC) has agreed to acquire the former Eurohypo’s U.K. commercial real estate portfolio. The transaction comprises two pools. One of the pools covers sale of £4.0 billion ($6.95 billion) commercial real estate loan book comprising high-quality institutional assets throughout the U.K. with a special focus in London.

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Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

Wells Fargo To Buy Commerzbank’s U.K. Property Loans

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