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.

Joint ventures, Spain, Statistical Data Included, Europe, Company Profile, Commerzbank AG, Assicurazioni Generali S.p.A., Credit Lyonnais, Banco Santander Central Hispano S.A.

---

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.

Diversified Companies, Electric Utilities, Electric Power Generation, Transmission and Distribution, Electric services, Mergers, acquisitions and divestments, Deutsche Bank AG, Electricite de France, Montedison S.p.A., DTBKY

---

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.

Sales, profits & dividends, Finance, Allianz Aktiengesellschaft Holding, Dresdner Bank AG (Frankfurt, Germany)

Similar abstracts:

• Abstracts: Japan is considering software tie-ups as growth strategy. (Japanese companies explore joint ventures with China's software developers)
• Abstracts: Marks & Spencer posts earnings drop, unveils plans to restructure operations. Dixons, Marks and Spencer post disappointing results
• Abstracts: Star-crossed HKT is jilted; annulled tie-up re-opens Asia TV rivalry. (Star TV pulls out joint venture deal with Cable and Wireless HKT Ltd.)
• Abstracts: Prada Is Sate - For Now. Shopping Its Way to Titan Status, Firm Focuses on Making It All Work. Prada's bold new look for fall may depend on market climate (Prada Holding BV)
• Abstracts: France's Worms to take over Arjo by buying out minority shareholders. Willamette rejects a $5.3 billion offer by Weyerhaeuser

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