German publicly owned bank WESTLB is to sell its shares in the regional bank HSH NORDBANK (€250 million profits last quarter) for €1.25 billion to a group of unnamed institutional investors, advised by American fund J.C.FLOWERS. WESTLB holds more than 24.1% of HSH NORDBANK's capital and nearly 26.6% of voting rights. The remainder of HSH NORDBANK's shares, Germany's ninth largest bank, is held jointly by the Länder of Hamburg and Schlewig-Holstein. This will be the first partial...