Hypo Real Estate Holding GmbH
Hypo Real Estate Holding AG: SoFFin passes resolution on EUR 1.85 billion recapitalisation for HRE
Hypo Real Estate Holding AG / Corporate Action 30.04.2010 14:33 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- SoFFin passes resolution on EUR 1.85 billion recapitalisation for HRE Munich, 30 April 2010 - The German Financial Markets Stabilisation Fund (SoFFin) has approved the next recapitalisation tranches of up to EUR 1.85 billion for Hypo Real Estate Holding AG (HRE), within the framework of the existing capital plan. It is planned that this capital be paid into HRE's capital reserve in at least two tranches as necessary. In particular, the recapitalisation is necessary in order for DEPFA BANK plc to maintain its minimum regulatory capital ratios in the near future. The capital measure is subject to approval by the European Commission. As communicated in the past, HRE anticipates aggregate capital requirements at Group level at an unchanged EUR 10 billion. Including the support measure at hand, SoFFin has provided total recapitalisation support of around EUR 7.85 billion to the HRE Group. SoFFin intends to resolve on a final recapitalisation after conclusion of the EU state aid control proceedings, and following the establishment of a deconsolidated environment (Abwicklungsanstalt) for non-strategic or distressed assets of HRE Group entities. Contact: Herr Walter Allwicher +49 (0)89 2880 28 787 30.04.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Hypo Real Estate Holding AG Freisinger Strasse 5 85716 Unterschleissheim Deutschland Phone: +49 (0)89 2880 28 291 Fax: +49 (0)89 2880 22 28 201 E-mail: irfo@hyporealestate.com Internet: www.hyporealestate.com ISIN: DE0008027707, DE000A0XFS34, DE000A0Z1JJ5 WKN: 802770, A0XFS3, A0Z 1JJ End of News DGAP News-Service ---------------------------------------------------------------------------
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