09/05/01 20:51:31 4CJw4zAg
ドイツの戦後初めての銀行国営化の可能性(ネイキッド・キャピタリズム・ブログ）
URLﾘﾝｸ(www.nakedcapitalism.com)
Friday, May 1, 2009
HRE - defusing the German financial time bomb by Edward Harrison
ドイツの銀行HRE(Hypo Real Estate)が不動産価格の暴落の為に経営危機に陥
り、ドイツ政府はその救済の為に、法律を改定して銀行を国営化できるように準
備している。この問題は昨年9月のリーマンブラザーズ破綻以来、ドイツ国内で
時限爆弾のように存在してきたもので、5月第2週にも国営化するかの決定を迫ら
れる事に。
The Financial Times writes:
The government has given HRE shareholders until May 4 to accept the
offer. As of Thursday more than 7.5 per cent of HRE shares had been
tendered, giving the government control of 16.2 per cent of the company.
It already held a stake of more than 8.6 per cent after a small capital
increase last month.
At the end of the offer period the government hopes it will control
enough HRE votes to force through a much larger capital increase at a
shareholder meeting. It could eventually use “squeeze-out” rules to
force out JC Flowers and other remaining minority shareholders.
If this does not work as it may not, if enough shareholders reject the
tender offer a recently passed law will allow expropriation of HRE
shares. It would be the first nationalisation of a German bank since the
1930s.