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GERMANY – JC Flowers favoured to acquire WestLB stake

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According to German press, US financial investor JC Flowers is currently favoured to acquire the stake in German regional lender WestLB, currently owned by the German state of North Rhine-Westphalia (NRW).

Sources familiar with the situation report that JC Flowers has presented the state government with concrete plans for the bank's future strategy, including links to HSH Nordbank in which the financial investor owns a 27% stake.
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