Commerzbank is aiming to boost ties to allies; bank plans joint ventures, more cross-holdings

Article Abstract:

Germany's fourth largest bank Commerzbank AG, has unveiled its strategy to expand by developing joint venture deals with other European companies. Commerzbank has opened negotiations with Spain's Banco Santander Central Hispano, France's Credit Lyonnais and Italy's insurance giant Assicurazioni Generali.

User Contributions:

Comment about this article or add new information about this topic:

Comment:  (50-4000 characters)

Name:

E-mail:

Security Code:

EDF holds rights to boost stake in Montedison

Article Abstract:

Electricite de France (EDF) holds the option to acquire Deutsche Bank AG's minority share in Montedison SA. EDF can buy the bank's 3.14% share. However, EDF said it did not plan to increase its 20% share in Montedison.

User Contributions:

Comment about this article or add new information about this topic:

Comment:  (50-4000 characters)

Name:

E-mail:

Security Code:

Dresdner loss could hinder Allianz's goal to boost profit

Article Abstract:

Allianz AG's goal of boosting profit could be hindered by the loss suffered by its acquisition, Dresdner Bank AG. Allianz reported that its first-half net income plummeted 8% to Euro1.4 billion from a year earlier.

User Contributions:

Comment about this article or add new information about this topic:

Comment:  (50-4000 characters)

Name:

E-mail:

Security Code: