Eurohyp and Deutsche Hyp are expected to join forces, as a result of the Deutsche Bank and Dresdner Bank merger which will produce a new giant in property finance.
Commenting on the move, Eurohyp board member Bernd Knobloch, says that it is unlikely that the two mortgage banks will be sold off because industrial property finance will be an important part of the core business following the merger.
He estimates the two mortgage banks will have a market share of around 20%, and he does not predict any anti-trust problems with the operation.
Deutsche Hyp is a subsidiary of Dresdner Bank, while Eurohyp belongs to Deutsche Bank.
Handelsblatt, 22 March 2000, page 24
