Deutsche Bank is keen to expand its U.S. presence

Article Abstract:

Deutsche Bank AG of Germany intends to increase its US presence in the next five years either through a purchase, a joint venture or by simply building on its present status. The bank's chairman, Rolf Breuer, also announced on Jul. 10, 1998, that the firm has already found a possible investment-banking acquisition target in the US but is still examining its other options. Breuer added that Deutsche Bank is ready to move on the purchase at any time but stressed that the bank's timetable for entering the area of investment banking is five years.

Comment:

Intends to increase its US presence in 5 years via a purchase, a joint venture or by simply building on its present status

Germany, Joint ventures, Deutsche Bank AG

---

Analysts back share-exchange ratio for merger of three Norwegian banks

Article Abstract:

Christiania Bank Og Kreditkasse ASA's merger deal with Fokus Bank ASA and Postbanken has won the approval of analysts. The three Norwegian banks are merging under a share-exchange ratio deal that will give Christiania shareholders 61% ownership of the new lender to be created, Fokus stockholders 19% and stockholders the state-owned Postbanken, 20%. The deal will also give Fokus stockholders 2.3836 Christiania shares for each share they own, offering a premium of over 500 million Norwegian kroner or $66.8 million.

Comment:

Its merger deal w/ Christiania Bank of Kreditkasse ASA and Fokus ASA has won the approval of analysts

Norway, Christiania Bank Og Kreditkasse ASA, Fokus Bank A/S, Postbanken

---

Similar abstracts:

• Abstracts: BG Bank, Realkredit say they will merge. Italian banks look to consolidate
• Abstracts: Bazan destinara 69.000 millones para tener resultados positivos en el 2000 VW Navarra aumenta capacidad el 10%
• Abstracts: Pension buyers prefer to be advised in person Printers' pension scheme is held up as stakeholder model IFAs to continue their domination
• Abstracts: Astra halts car output. Waiting for Jakarta's dust to settle. Coca-Cola Amatil struggles to handle Indonesian woes
• Abstracts: Italian banks look to consolidate. Top Czech banks

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.