EU Court Gives WestLB More Time To Sell WestImmo | Press ...

FRANKFURT -(Dow Jones)- State-backed German lender WestLB's real-estate finance unit WestImmo will be able to continue accepting new business after Feb. 15 after the European Court suspended a deadline, regional savings banks' association SVWL said Tuesday. ... WestLB can now proceed with the sale of WestImmo without any time pressure, the association said. The halting of new business after Feb. 15 would have caused irreparable damages to assets, said the association. ...

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