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Wells Fargo’s Chip Fedalen: Eurohypo UK acquisition accelerates our market share ambitions

Wells Fargo, the largest commercial mortgage lender in the US, will complete the nine-month acquisition process of Eurohypo’s UK commercial property lending business in the coming weeks finally cementing market share in senior lending on this side of the Atlantic, in an ambition which dates back five years.
By James Wallace
July 19, 2013 | 4:58 AM

Commerzbank and Wells Fargo could complete the sale of the renamed Hypothekenbank Frankfurt’s UK senior lending platform and transfer of £2.7bn performing loans ahead of Germany’s second largest bank’s second quarter results in three weeks’ time, increasing Wells’ UK loan book by more than three-fold.

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