German private bank HSBC Trinkaus is seeking to buy the structured finance and corporate customers business of WestLB, Financial Times reports. The bank has been put up for sale as part of a restructuring plan agreed between its public sector owners and the European Commission after the financial crisis. WestLB’s other operations, including its project finance business and ties to institutional clients, may also be reviewed as part of the sale talks. The bank’s corporate finance operations had revenue of approximately €352 million in 2010.
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