Hypo Real Estate gets euro12B more in state funding

Stricken real estate bank Hypo Real Estate Group secured another euro12 billion ($15.6 billion) in loan guarantees from the German state, bringing its total to euro42 billion as it struggles amid shaky financial markets.

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Hypo Real Estate, Germany's stricken commercial property lender, said it's fighting for survival after a 35-billion-euro government-backed rescue plan for the company fell apart.

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