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Lübeck hopes for calmer waters after court backs LHG part-sale

GERMANY’s largest Baltic Sea port, Lübeck, is facing more peaceful times following the administrative court of Schleswig-Holstein’s decision to declare the partial sale of port operator Lübecker Hafengesellschaft to be legal. Since May, 25.1% of LHG, including major parts of Nordlandkai and Konstinkai, has belonged to Deutsche Bank’s alternative investment management arm, the Rosenberg Real Estate Equity Fund, writes Sabine Rabach.

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