Deutsche Bank takes Unicredito stake
Article Abstract:
Deutsche Bank AG announced that it has purchased a minority share of 0.75% in Unicredito SpA. Unicredito is the second-largest bank in Italy based on assets. Deutsche Bank said that the acquisition was carried out for financial, rather than for strategic reasons. A bank spokesman said Deutsche Bank does not have any plans to acquire a greater share of Unicredito.
Comment:
Deutsche Bank purchases a minority share of 0.75% in Unicredito SpA
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
Deutsche Bank poised to win Bankers Trust
Article Abstract:
The proposed $10.1 billion acquisition of New York, NY-based Bankers Trust Corp. by Deutsche Bank AG has been approved without conditions by regulators at the New York State Banking Board. But the merger, which will create the world's largest bank in terms of assets, still must be approved by the US Federal Reserve.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Deutsche Bank is in talks to sell cable-TV group. Deutsche Bank moves into U.S. online market. Deutsche Bank bids $1 billion to buy U.S. online broker
- Abstracts: Bank Pekao unveils timetable for restructuring. Deutsche Bank foes file protest in BBG battle. Bank Zachodni, WBK to merge by mid-2001
- Abstracts: Television takes a tumble. At least television works. New media, old message
- Abstracts: UniCredito hunts takeover prey. Bank-merger speculation sweeps Italy, forcing UniCredito response
- Abstracts: AOL extends reach with Radiant stake. U.S. extends deadline of AOL merger review