Commerzbank buys 60% of Ukraine's Bank Forum: stake in lender helps German firm expand in Eastern Europe
Article Abstract:
Germany's Commerzbank AG has purchased a 60% stake in Bank Forum, a privately controlled Ukrainian bank, in a deal valued at $600 mil. with the option to purchase up to 25% more after a three-year period. The transaction will expand Commerzbank's presence in the Eastern and Central European markets.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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SachsenLB sees jump in net but expects tough full year
Article Abstract:
First-half net profit for SachsenLB, a German state-owned bank, rose to 38 mil euro, primarily due to its derivatives and loan businesses. SachsenLB was sold to Landesbank Baden-Wurttemberg in a stock-swap deal valued provisionally at 300 mil, effective December 31, 2007.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
User Contributions:
Comment about this article or add new information about this topic:
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