Talanx nears IPO with insurance deal
Article Abstract:
German insurance firm Talanx AG is buying the insurance holdings of Deutsche Postbank AG for $758 mil, bringing it nearer to an initial public offering. The deal includes a distribution agreement between Talanx and Deutsche Postbank for accident insurance and life insurance products.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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Dresdner Bank to cut 2,480 more jobs
Article Abstract:
Dresdner Bank AG of Germany is to cut 2,480 jobs, 8.6 percent of its workforce by 2008. The bank is also planning a reorganization to more closely integrate the investment bank. The bank is planning to produce a return on equity of 12 percent in one and a half years.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2006
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HVB cuts up to 2,400 jobs
Article Abstract:
HVB Group AG, the German banking giant is in the last stages of restructuring and is planning 2,400 job cuts in Germany. The bank expects $369 million in savings per year.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2005
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