Another step towards the nationalization of the ailing German property bank Hypo Real Estate: At the extraordinary general meeting said nearly 74 percent of shareholder votes present yes to a capital increase by the federal government alone stands. (ap / sda), the controversial nationalization of the ailing German property bank Hypo Real Estate (HRE) is nearly perfect. At the extraordinary general meeting on Tuesday has 74 percent of shareholder votes present a 3 billion euro capital increase approved severe that the federal government alone stands. In order to increase his shareholding to over 90 percent and subsequently the remaining shareholders against a forced severance from the company push (squeeze-out). Nearly 74 percent The shareholders' meeting allowed the

bank rescue fund SoFFin on Tuesday night with 73.95 percent of the votes present, its share of the mortgage bank through the purchase of new shares for up to 5.64 billion euros from 47 to well over 90 per cent increase. The bank will SoFFin rapidly around three billion euros of fresh capital available and thus increase to 90 percent, said HRE chief Axel Wieandt. Then would the SoFFin pay off all remaining shareholders and thus take over 100 percent. Government on long lever Early in the shareholders' meeting it was clear that the German government in every capital case can enforce. The necessary quorum was only 50 percent of the represented capital. Typically, an approval of 75 percent of such capital measures necessary. The Law for Stabilization of the banks is this quorum at institutes, government assistance, to 50 percent were.

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