AHBR was refocused on German commercial real estate and the international and the retail businesses were sold. The headcount was reduced from 350 to 180 and a social plan was agreed with worker representatives.
Karsten von Köller, chairman of Lone Star Germany and former CEO of Eurohypo, says that while a more traditional bank buyer may have been “preferred”, the government and other involved parties “have been supportive and constructive”.
