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Report: NordLB, Helaba merger talks are halted

Talks between Landesbank Hessen-Thüringen Girozentraleand Norddeutsche Landesbank Girozentrale have ended, and a tie-up will not materialize, Reuters reported Jan. 3, citing German daily newspaper, Boersen-Zeitung.

The newspaper wrote that Helaba's management board informed NordLB's management in writing on Dec. 21, 2018, that no agreement would be reached.

Both companies declined to comment.