Post by sevenofnine on Sept 4, 2024 10:37:56 GMT -5
This goes back to far right be elect to Parliament
Commerzbank has emerged from financial distress, prompting the state to sell down its €2.5 billion stake.
The German state is planning to lower its stake in Commerzbank, a lender it rescued during the global financial crisis.
It currently holds a 16.5% stake worth around €2.5 billion.
Details of the sale are not yet public, although it's believed there are currently no plans to sell the entire stake.
"The Federal government's investment in the Commerzbank in 2008 and 2009 was important in order to protect financial market stability in the midst of the banking crisis," said the country’s finance agency on Tuesday evening.
www.euronews.com/business/2024/09/04/why-the-german-government-looks-set-to-reduce-its-stake-in-commerzbank
Commerzbank has emerged from financial distress, prompting the state to sell down its €2.5 billion stake.
The German state is planning to lower its stake in Commerzbank, a lender it rescued during the global financial crisis.
It currently holds a 16.5% stake worth around €2.5 billion.
Details of the sale are not yet public, although it's believed there are currently no plans to sell the entire stake.
"The Federal government's investment in the Commerzbank in 2008 and 2009 was important in order to protect financial market stability in the midst of the banking crisis," said the country’s finance agency on Tuesday evening.
www.euronews.com/business/2024/09/04/why-the-german-government-looks-set-to-reduce-its-stake-in-commerzbank
!!
