HistoryHistory
Hypo 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.
The shares of Hypo Real Estate Holding AG have been listed since 6 October 2003 and, around two years after being initially established, were included in the DAX30 index as of 19 December 2005.
Following its takeover of DEPFA Group on 2 October 2007, Hypo Real Estate Group is also an important worldwide player in public and infrastructure finance.
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