The HRE Group has encountered serious financial difficulties and faces going-concern risks.
17 October 2008
The Parliament of the Federal Republic of Germany moves to establish the Financial Market Stabilisation Fund (SoFFin) based on the Financial Market Stabilisation Act (FMStFG).
13 October 2009
SoFFin acquires full control of the HRE Group.
21 January 2010
The HRE Group applies for establishment of a winding-up institution, to which portions of its portfolio are to be transferred.
8 July 2010
FMS Wertmanagement is founded as an entity under public law pursuant to Section 8a FMStFG.
30 September 2010
The non-strategic operations and the risk positions of the HRE Group are transferred to FMS Wertmanagement.
1 October 2010
FMS Wertmanagement launches its operations with seven permanently employed members of staff.
23 March 2011
FMS Wertmanagement's own issues have replaced all of the SoFFin guarantees originally amounting to EUR 124 billion. Those guarantees had been granted to the HRE Group and were transferred to FMS Wertmanagement along with the portfolio.
19 May 2011
The Supervisory Board of FMS Wertmanagement approves the first set of annual financial statements prepared by the Executive Board for the 2010 short fiscal year.
27 May 2011
FMS Wertmanagement celebrates its successful debut on the capital markets with its first EUR 3 billion public bond issue.
8 March 2012
FMS Wertmanagement announces its intention to participate in the exchange of Greek government bonds and loans with a nominal value of EUR 8.2 billion.
10 May 2012
FMS Wertmanagement establishes a service entity as a wholly owned subsidiary that, no later than September 2013, when the cooperation agreement with the HRE Group on the servicing of the portfolio in accordance with EU requirements has to be terminated, will take over most of these functions.
1 October 2013
FMS Wertmanagement Service GmbH adopts the servicing of the portfolio of FMS Wertmanagement from pbb Deutsche Pfandbriefbank, supported by an IT-partner and further servicing companies.
19 April 2014
The tender for the privatisation of shares of FMS Wertmanagement Service GmbH starts officially.
19 December 2014
FMS Wertmanagement takes over DEPFA BANK plc in Dublin and its subsidiaries from Hypo Real Estate Holding AG (HRE).
20 April 2015
FMS Wertmanagement launches a public tender offer to buy certain securities issued by DEPFA.
6 May 2015
FMS Wertmanagement ends the privatisation process for selling its wholly owned subsidiary, FMS Wertmanagement Service GmbH (FMS-SG).
27 May 2015
In a joint transaction with DEPFA BANK plc in Dublin, FMS Wertmanagement successfully completes the tender offer and purchase of three bonds with an aggregate nominal value of EUR 1.2 billion for a total consideration of EUR 741 million.
1 October 2015
As already announced in April, Stephan Winkelmeier takes over as Spokesman of the Executive Board and Chief Risk & Financial Officer of FMS Wertmanagement.