German Govt Commits to Commerzbank

The German government says it will provide Commerzbank with additional equity totaling EUR10 billion (USD13.48 billion) after its takeover by Dresdner Bank is complete.

  • 09 Jan 2009
The German government says it will provide Commerzbank with additional equity totaling EUR10 billion (USD13.48 billion) after its takeover by Dresdner Bank is complete. According to a release from Commerzbank, the amount from The Financial Markets Stabilization Fund (SoFFIN) will be realized by issuing approximately 295 million ordinary ...

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