Don't miss

Replay


LATEST SHOWS

EYE ON AFRICA

Tunisia's Parliament votes on new Government

Read more

MEDIAWATCH

French court rules #burkini ban "clearly illegal"

Read more

THE WORLD THIS WEEK

Biden in Turkey, Colombia Peace Deal, Ethiopia Olympic Protest (part 2)

Read more

THE WORLD THIS WEEK

Earthquake in Italy, French Burkini Ruling (part 1)

Read more

FRANCE IN FOCUS

The hidden secrets of Les Invalides

Read more

FOCUS

Pro-Opposition stronghold Port-Gentil feverishly awaits presidential elections

Read more

ENCORE!

Alexis Michalik: treading the boards in the footsteps of 'Edmond'

Read more

REPORTERS

Getting away with murder in DR Congo

Read more

IN THE PAPERS

'Why does Italy refuse to see the seismic risk?'

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)