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Media Report: Porsche to Book Profits Higher than Turnover ... Shares in German property financer Hypo Real Estate shot up by more than 27 percent in afternoon trading Friday on news that the European Commission has approved a bailout package for the bank.
In Brussels, the Commission praised Berlin's rescue plan as "part of the solution" to the current financial crisis. Berlin is to guarantee a large part of a 35-billion-euro credit line drawn up to keep Hypo Real Estate in business.
(Deutsche Welle)
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