Don't miss

Replay


LATEST SHOWS

MEDIAWATCH

The refugees of Manus Island

Read more

EYE ON AFRICA

Zimbabwe's opposition leader says he hasn't been called upon to be part of the new government

Read more

THE DEBATE

Palestinian Reconciliation: Will Fatah, Hamas agreement succeed?

Read more

FOCUS

Could Pakistan be your next holiday destination?

Read more

THE POLITICAL BRIEF

Defeated presidential candidate Fillon bids farewell to French politics

Read more

INSIDE THE AMERICAS

Charles Manson: Murderer and cult leader dies after 47 years in prison

Read more

PEOPLE & PROFIT

Bricks vs. clicks: Will e-commerce finish off the high street shop?

Read more

ENCORE!

Eastwood & Gainsbourg: Can the children of geniuses step out from their famous shadows?

Read more

FRENCH CONNECTIONS

Is France a chain-smoking nation?

Read more

Business

German state to buy major stake in Commerzbank

Latest update : 2009-01-08

The German state has agreed to buy a 25% stake in Commerzbank, the country's second largest bank. The partial nationalisation will involve a 10-billion-euro capital injection by the German banking sector stabilisation fund (SoFFin).

AFP - Germany's second biggest bank, Commerzbank will be partially nationalised, with the state taking a holding of 25 percent plus one share, it said on Thursday.
  
After the bank receives 10 billion euros (13.6 billion dollars) in fresh capital from the German banking sector stabilisation fund SoFFin, "the federal government will hold a stake of 25 percent plus one share in the new Commerzbank," it said in a statement.

Date created : 2009-01-08

COMMENT(S)