Talanx nears IPO with insurance deal

Article Abstract:

German insurance firm Talanx AG is buying the insurance holdings of Deutsche Postbank AG for $758 mil, bringing it nearer to an initial public offering. The deal includes a distribution agreement between Talanx and Deutsche Postbank for accident insurance and life insurance products.

Acquisitions & mergers, Goods & services distribution, Alliances, partnerships, INSURANCE CARRIERS, Channels of Distribution, Mergers, acquisitions and divestments, Company acquisition/merger, Insurance industry, Deutsche Postbank AG, Distribution agreements

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Dresdner Bank to cut 2,480 more jobs

Article Abstract:

Dresdner Bank AG of Germany is to cut 2,480 jobs, 8.6 percent of its workforce by 2008. The bank is also planning a reorganization to more closely integrate the investment bank. The bank is planning to produce a return on equity of 12 percent in one and a half years.

Dresdner Bank AG (Frankfurt, Germany), Company overview

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HVB cuts up to 2,400 jobs

Article Abstract:

HVB Group AG, the German banking giant is in the last stages of restructuring and is planning 2,400 job cuts in Germany. The bank expects $369 million in savings per year.

Sales, profits & dividends, Company sales and earnings, Company earnings/profit, Company Profile, HVB Group

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