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Allianz sets up sale of Dresdner for €9bn

ft.com
29-Aug-2008
        
Story Timeline:  95 days

A deal to reshape the German banking industry with the sale of Dresdner Bank to Commerzbank for about €9bn ($13bn) appeared imminent on Thursday when the target’s parent, Allianz, and the likely buyer both said they would hold extraordinary meetings on Sunday to try to seal a deal. Allianz, Europe’s biggest insurance group, confirmed it would convene its supervisory board to discuss the sale of Dresdner and also... [read full story]                    

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Allianz to sell Dresdner to Commerzbank: sources

 earthtimes.org 31-Aug-2008
First article on this story:

Allianz to decide by Sunday on future of Dresdner Bank: sources

 yahoo.com 28-Aug-2008
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Allianz to sell Dresdner to Commerzbank: sources

earthtimes.org
31-Aug-2008
        

FRANKFURT (Reuters) - Allianz will sell its banking unit Dresdner to Commerzbank in a two-stage transaction that values the bank at 9.8 billion euros ($14.45 billion), sources familiar with the situation told Reuters on...

German banking sector braces for Dresdner sale announcement

finanznachrichten.de
31-Aug-2008
        

FRANKFURT (Thomson Financial) - The German banking sector braced Sunday for insurance group Allianz to unveil who would buy its Dresdner Bank unit, with rival Commerzbank and state-owned China Development Bank tipped as...

Speculation over sale of Dresdner Bank to Commerzbank

dw-world.de
31-Aug-2008
        

The supervisory boards of insurer Allianz and Commerzbank are meeting separately amid mounting speculation about the fate of the Allianz's Dresdner Bank unit. Allianz has confirmed that its supervisory board was to meet...

                   

German bank merger to cost 1,200 City jobs

guardian.co.uk
30-Aug-2008
        

A merger between German banking giants Dresdner and Commerzbank will lead to at least 1,200 job losses at Dresdner Kleinwort, the London-based investment bank, according to advisers working on the deal, which is expected...

                   

Bank merger to cost 1,200 City jobs

guardian.co.uk
30-Aug-2008
        

A merger between German banking giants Dresdner and Commerzbank will lead to at least 1,200 job losses at Dresdner Kleinwort, the London-based investment bank, according to advisers working on the deal, which is expected...

Commerzbank to buy Allianzs Dresdner Bank

expressindia.com
30-Aug-2008
        

Agencies, Banking Bureau Posted online: Sunday , August 31, 2008 at 02:22 hrs Updated On: Sunday , August 31, 2008 at 02:22 hrs Even as Dresdner Bank, owned by Allianz, was about to begin its operation In India, it is...

afp.com: afp.com

Allianz in talks to sell Dresdner Bank

afp.com
30-Aug-2008
        

The Dresdner Bank headquarters (left) in Frankfurt, Germany FRANKFURT (AFP) - German insurance giant Allianz is in "advanced talks" on the future of its Dresdner Bank unit, "that may or may not lead to a deal," it said...

Allianz in talks over Dresdner Banks future

keralanext.com
30-Aug-2008
        

FRANKFURT: German insurance giant Allianz is in "advanced talks" on the future of its Dresdner Bank unit, "that may or may not lead to a deal," it said yesterday. According to Press reports, Allianz is mulling a sale to...

afp.com: afp.com

Allianz says is in talks to sell Dresdner Bank

afp.com
30-Aug-2008
        

The Dresdner Bank headquarters (left) in Frankfurt, Germany FRANKFURT (AFP) - German insurance giant Allianz is in "advanced talks" on the future of its Dresdner Bank unit, "that may or may not lead to a deal," it said...

Job cuts loom as Dresdner deal nears

ft.com
30-Aug-2008
        

By James Wilson in Frankfurt Investment bankers in the City face fresh job cuts as part of an imminent deal to sell Germany's Dresdner Kleinwort. Allianz, the German insurer, is expected on Sunday to announce a deal to...

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