German banks file suit against Austria's Heta

June 15, 2015 6:18 PM

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FRANKFURT, June 15 A group of German public sector banks are suing Austrian "bad bank" Heta Asset Management for a total 218 million euros ($245.36 million), a spokesman for NordLB said on Monday, confirming an earlier report by Handelsblatt daily.

The banks - HSH, Helaba and NordLB as well as property lender Berlin Hyp - had subscribed to a Heta bond that came due on March 20, he said.

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