Commerzbank is in intensive talks to divest the bulk of its 5.7 billion euros ($7.4 billion) in British property loans, Germany's second biggest lender said in the prospectus of its capital increase published on Tuesday.
_0">Commerzbank wants to sell the portfolio to private equity investor Lone Star and U.S. bank Wells Fargo, a source familiar with the transaction had said last month.
Commerzbank is hiving off the UK property loans business of its mortgage unit Hypothekenbank Frankfurt International, formerly known as Eurohypo as a way to cut down the size of its balance sheet.