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WestLB sells Hungarian unit

Germany's WestLB bank on Wednesday said it signed an agreement to sell its Hungarian unit WestLB Hungária.

The buyer of the unit will be announced after approval by competition authorities, WestLB said. The sale came after WestLB decided to part with all non-strategic assets. WestLB Hungary had total assets of almost €200 million at the end of 2008. (MTI-ECONEWS)