BERLIN, April 1 (Reuters) - A German government source told Reuters on Wednesday top officials were unaware of any agreement between the government and U.S. private equity fund J.C. Flowers over the sale of its stake in Hypo Real Estate.
Earlier, shares in the stricken bank rose more than 11 percent, with traders pointing to market talk that the government was close to a deal to buy out Flowers' stake in Hypo. Neither Hypo nor Flowers were immediately available for comment.
(Reporting by Matthias Sobolewski) (brian.rohan@reuters.com ; +33 14949 5188; Reuters Messaging: brian.rohan.reuters.com@reuters.net ) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Earlier, shares in the stricken bank rose more than 11 percent, with traders pointing to market talk that the government was close to a deal to buy out Flowers' stake in Hypo. Neither Hypo nor Flowers were immediately available for comment.
(Reporting by Matthias Sobolewski) (brian.rohan@reuters.com ; +33 14949 5188; Reuters Messaging: brian.rohan.reuters.com@reuters.net ) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
© 2009 AFX News
