HistoryHistory
2003 - 2008Hypo Real Estate Group came into being out of the spin-off of parts of the commercial real estate financing of the HVB Group.
The transformation took place in legal terms by way of a spin-off to form a new company under the German Transformation of Companies Act, after the supervisory board of HVB AG had approved on 26 March 2003 and the annual general meeting of shareholders followed suit on 14 May 2003.
The spin-off from HVB AG became legally effective on 29 September 2003 when it was filed in the commercial register. Once the transaction had been filed, the shareholders of HVB AG received one common or preferred share of Hypo Real Estate Holding AG for every four shares of common or preferred shares of HVB stock they held, respectively, depending on the stock type.
2009
Hypo Real Estate Group is in the process of realigning its business as a specialist bank for real estate and public finance. The Group will also concentrate its activities in regional terms, and will in future focus on Germany and Europe. Depending on the particular area of activity, it will also be active in other international markets. The focus will always be on the eligibility of business for Pfandbrief funding. Realigning the Group will take a number of years.
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