PROQUEST AND ITS LICENSORS SPECIFICALLY DISCLAIM ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING WITHOUT LIMITATION, ANY WARRANTIES FOR AVAILABILITY, ACCURACY, TIMELINESS, COMPLETENESS, NON-INFRINGMENT, MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. The translations are automatically generated 'AS IS' and 'AS AVAILABLE' and are not retained in our systems. Neither ProQuest nor its licensors make any representations or warranties with respect to the translations. This functionality is provided solely for your convenience and is in no way intended to replace human translation. You have requested 'on-the-fly' machine translation of selected content from our databases. 'In the public sector finance business, the group will henceforth concentrate on the selective origination of primary business in Europe eligible for inclusion as cover assets. HRE said that: no new business is planned in infrastructure finance capital markets and trading activities that are no longer in line with the business model will be discontinued and a sale of non-strategic activities is being considered. The group is in negotiations with the German Financial Markets Stabilisation Fund, SoFFin, about financial support and a condition of any such package is that it needs to have its new business plan approved. HRE said on December 20 that it will 'reposition itself as a specialist for real estate finance and public sector finance, in Germany and Europe, funded through Pfandbrief issuance'.

Hypo Real Estate Group plans to focus on Pfandbrief-eligible business as part of its restructuring strategy, under which it will withdraw from infrastructure finance and trading.Дepfa Deutsche Pfandbriefbank will be merged into Hypo Real Estate Bank AG.

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