2024-09-04 13:29:08
Business
Finance
Federal Government to Reduce Stake in Commerzbank
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Frankfurter Rundschau
Finance
Economy
The federal government plans to gradually reduce its 16.49% stake in Commerzbank. In 2008 and 2009, the bank received capital assistance from the Financial Market Stabilization Fund (FMS) in the amount of 18.2 billion euros to protect financial market stability. So far, 13.15 billion euros of this have been repaid. The federal government's entry into Commerzbank in 2008 and 2009 was important to protect financial market stability. Now Commerzbank is stable and profitable again, so the federal..
focus
Major shareholder since the financial crisis - The federal government is selling its Commerzbank shares
Finance
The federal government is selling its 16.49% stake in Commerzbank; the Finance Agency announced the sales plan, which depends on market conditions; the goal is to generate the highest possible revenue.
NDR
Struggling Meyer Werft: State Government Decides to Acquire Stake
Economy
Finance
Politics
Lower Saxony is taking over 40.4% of Meyer Werft for 200 million euros; the federal government and the state want to provide the shipyard with guarantees of 1 billion euros each; the state does not want to remain a majority shareholder permanently; 19.2% remain in the hands of the family; according to the commentary, the rescue by Lower Saxony is economically questionable.
gmx
Deutsche Bank: No Interest in Acquiring Commerzbank
Finance
Economy
Deutsche Bank CEO Sewing rejects the acquisition of Commerzbank. Commerzbank received state capital aid of 18.2 billion euros through the Financial Market Stabilization Fund (FMS) in 2008/2009, of which 13.15 billion euros have been repaid so far. Commerzbank got into financial difficulties in 2008, the federal government plans to exit. Deutsche Bank and Commerzbank negotiated a merger in 2019, but the talks failed. Commerzbank is considered a takeover target for financial institutions.
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