Hypo Real Estate (HRE) has taken steps to merge its two Pfandbrief banks - Hypo Real Estate Bank, Munich and DEPFA Deutsche Pfandbriefbank, Eschborn - following approval in early June from the AGMs of both companies. This week, the troubled bank made an official request for the merger at the commercial register in Frankfurt.
Westland Shopping Centre in the Brussels neighbourhood of Anderlecht may be up for sale, according to Belgian media reports.
