Don't miss

Replay


LATEST SHOWS

THE OBSERVERS

Shootouts between Mexican drug cartels and police; and what women use for their periods in India

Read more

FOCUS

Rwanda banking on new technology to boost economy

Read more

THE INTERVIEW

'No regrets' on FARC peace deal, says Colombia's Santos

Read more

ENCORE!

Colombia: How culture is helping to change a nation

Read more

EYE ON AFRICA

Chad added to US travel ban list

Read more

BUSINESS DAILY

Alstom, Siemens boards consider train builder merger

Read more

IN THE PAPERS

'Macron's EU plans thwarted by German election'

Read more

MEDIAWATCH

Online reactions to Kurdish referendum

Read more

THE DEBATE

Iraq's Kurds: Will referendum really lead to independence?

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)