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Cerberus and Centerbridge linked to NordLB bid

NordLB chief executive Bürkle has pledged a cull of non-performing shipping loans as the public sector-owned bank mulls a reported bid tabled by high-profile US private equity houses Cerberus and Centerbridge

Cerberus is best known in a ship finance context as the holder of a 40.3% stake in HSH Nordbank, another German bank laid low by over-exposure to shipping in the wake of the global financial crisis

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