Commerzbank buys 60% of Ukraine's Bank Forum: stake in lender helps German firm expand in Eastern Europe

Article Abstract:

Germany's Commerzbank AG has purchased a 60% stake in Bank Forum, a privately controlled Ukrainian bank, in a deal valued at $600 mil. with the option to purchase up to 25% more after a three-year period. The transaction will expand Commerzbank's presence in the Eastern and Central European markets.

Ukraine, Commerzbank AG (Frankfurt, Germany)

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SachsenLB sees jump in net but expects tough full year

Article Abstract:

First-half net profit for SachsenLB, a German state-owned bank, rose to 38 mil euro, primarily due to its derivatives and loan businesses. SachsenLB was sold to Landesbank Baden-Wurttemberg in a stock-swap deal valued provisionally at 300 mil, effective December 31, 2007.

Sales, profits & dividends, Company sales and earnings, Company earnings/profit, Landesbank Baden-Wuerttemberg, Financial report

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