NordLB Drops Plans to Sell Shipping Loans to KKR
German lender NordLB has abandoned efforts to sell a 1.3 billion euro ($1.5 billion) portfolio of shipping loans to KKR, Handelsblatt reported on Monday, citing a spokesman for NordLB.
NordLB had said in April it hoped to complete a deal by the end of June.
Neither NordLB nor KKR were immediately available for comment.
(Reporting by Maria Sheahan)