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March 28, 2008, 3:31 a.m. EDT

Three-way tie-up between Dresdner, Commerzbank, Postbank reportedly eyed

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By MarketWatch

German financial giant Allianz SE is considering a plan that would merge its Dresdner Bank with rival Commerzbank AG /zigman2/quotes/202066109/composite CRZBY -2.59% , and then the combined operation would take a stake in Deutsche Postbank (DPB.XE), according to Frankfurter Allgemeine Zeitung on Friday.

Other possible scenarios, the newspaper said, are that Allianz would involve an outright sale of Dresdner or an initial public offering of stock in Dresdner.

Newspaper Web site: http://www.faz.de

-Contact: 201-938-5400

/zigman2/quotes/202066109/composite
US : U.S.: OTC
$ 5.26
-0.14 -2.59%
Volume: 25,461
Sept. 18, 2020 3:52p
P/E Ratio
32.96
Dividend Yield
N/A
Market Cap
$6.66 billion
Rev. per Employee
$195,857
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