WestLB AG and Hewlett-Packard Co. (HPQ) are working together to win service contracts from FMS Wertmanagement, the so-called bad bank encompassing Hypo Real Estate Holding AG assets, Financial Times Deutschland reported, without saying where it got the information.

To contact the reporter on this story: Nicholas Comfort in Frankfurt at ncomfort1@bloomberg.net

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net