22:34, 15 September 2008 Page views 381 views

Dresdner Bank Sold for Less Than 10 Billion Euros

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According to Agence France-Press (AFP), Allianz Insurance Group has reached an agreement on the sale of its hit by mortgage crisis DresdnerBank for 9.8 billion euros. The buyer is Commerzbank, the main competitor of DresdnerBank. Commerzbank intends to reduce the number of employees of the acquired bank up to 9 thousand.

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