Don't miss

Replay


LATEST SHOWS

EYE ON AFRICA

ICC orders Congo warlord germain Katanga to pay victims

Read more

MEDIAWATCH

Trumpcare Falls Before First Hurdle

Read more

THE WORLD THIS WEEK

Westminster Attack, Abadi in Washington (part 1)

Read more

THE WORLD THIS WEEK

Obamacare, Europe's Unholy Alliances, Martin McGuinness (part 2)

Read more

INSIDE THE AMERICAS

Export bans hit Brazil amid tainted meat scandal

Read more

FRANCE IN FOCUS

Presidential election: French voters in turmoil

Read more

#TECH 24

Inside Netflix's war room

Read more

FOCUS

French Catholic voters remain faithful to scandal-hit Fillon

Read more

PEOPLE & PROFIT

Growing ambitions: The forces driving India's economy

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)