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Journal # Hypo Real Estate # 20.02.2009 19 UTC

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Kay HagedornFebruary 20, 2009

Shares in Hypo Real Estate plunged by 19-percent Friday amid continued speculation over the possible nationalization of the German property lender. Rumours that its debt situation may be much more dramatic than previously thought also fed the sell-off. It has emerged in press reports that HRE's outstanding debts could have a nominal value of a Trillion Euros. HRE has vehemently denied the reports.

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