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Posts Tagged ‘bank nationalisation’

German Government Takes Large Stake in Commerzbank

Posted by seumasach on January 9, 2009

 

Here is a striking contrats to Brown’s much- vaunted “part-nationalisations”: the German government has taken a 25% stake and representation on the board with the right of veto.

The German government has agreed to take a 25-percent share in Commerzbank. The move signals the first time the government has taken a stake in a major private bank and comes as Commerzbank is set to buy Dresdner Bank.

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