Deutsche Postbank is talking to Commerzbank on closer ties

Article Abstract:

Deutsche Postbank AG, a wholly-owned state bank of Germany, is negotiating with Commerzbank AG to be its underwriter for its initial public offering and eventually to sell around 15% to 20% of its stakes to Commerzbank. Observers estimate the likely stakes to be sold to cost around 1.5 billion marks or $833 million. Commerzbank will likely help Deutsche Postbank become more efficient through its capability in information technology and electronic data processing. However, Commerzbank will not likely benefit much from Deutsche Postbank's employees since most of them are postal workers with no real bank training.

Comment:

May likely become underwriter for Deutsche Postbank's IPO & eventually to buy around 15% to 20% of stakes

Use of services, Contracts & orders received, Organizational history, Commerzbank AG, Deutsche Postbank AG

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Ing acquires BHF stake for $1.5 billion

Article Abstract:

Netherlands-based ING Group NV acquired a 34.5% stake in Germany-based BHF-Bank. The move sizably strengthened its presence in core European countries. The deal makes the Dutch bank the largest shareholder in BHF and provides it with access to the German bank's desirable customer base, particularly medium-size German corporate clients. Godfried van der Lugt, chairman of ING, said that the company still wants to expand further in Europe, particularly in France.

Comment:

Acquired a 34.5% stake in Germany-based BHF-Bank

Berliner Handels-und Frankfurter Bank, ING Group nv

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WCM to make bid to purchase rest of plastics maker

Article Abstract:

WCM Beteiligungs and Grundbesitz AG will make a bid to acquire the majority share of Kloeckner-Werke AG that it does not already own. WCM will make a 745 million euros bid to acquire the approximately 60% of Kloeckner-Werke that is not under its ownership.

Metal and Mineral (except Petroleum) Wholesalers, Metals service centers and offices, Metals Wholesale, Mergers, acquisitions and divestments, Metal service centers, Metal wholesalers, WCM Beteiligungs- und Grundbesitz AG, Klockner-Werke AG

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