Germany's Commerzbank says it has reached an agreement on "all major points" with Deutsche Bank and Dresdner Bank to acquire their respective 37.7% and 28.5% stakes in real estate lender Eurohypo AG.Commerzbank said it plans on using a package of measures that would "maintain a satisfactory capital ratio" in order to finance the purchase and would "hold more than 98% of Europe's leading group for communal and real estate loans" if the transaction receives final bank and regulatory approvals. Commerzbank can be found online at http://www.commerzbank.com.
Commerzbank to Buy Out Stakes in RE Lender
November 16, 2005, 3:00 p.m. EST 1 Min Read
