Latest update: 18/05/2009 

- bailout - banking - financial crisis - Germany - nationalisation


Commerzbank agrees to partial nationalisation
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NOT AT BAD GENTLEMAN

by Anonyme (not verified) - 17/05/2009 - 19:20

May 17, 2009
AFP - Commerzbank shareholders on Saturday approved the German
The government (or the taxpayer) has injected more than 18 billion euros
(24 billion dollars) into Commerzbank and its entry into the bank's capital
was adopted almost unanimously, the company said in a statement.

Earlier this month, Commerzbank reported a sharp quarterly loss
because of the financial crisis and its purchase of Dresdner Bank,
but said it would recover by 2011 without more state aid.

The bank would issue 295 million new shares at a price of six euros
per share, the statement said.

Earlier this month, Commerzbank reported a sharp quarterly loss because
of the financial crisis and its purchase of Dresdner Bank,
but said it would recover by 2011 without more state aid.

And , And at least 1/3 295 million + interest to fund social security for German Not?

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