Commerzbank is considering selling off the 45
percent stake that its newly-acquired Dresdner Bank subsidiary owns
in KGAL, the German lessor, according to press reports.
percent stake that its newly-acquired Dresdner Bank subsidiary owns
in KGAL, the German lessor, according to press reports.
The German business daily Handelsblatt
reported that Commerzbank was reviewing its portfolio, reportedly
signing up Goldman Sachs to explore options for over a dozen of its
businesses, including their possible sale.
reported that Commerzbank was reviewing its portfolio, reportedly
signing up Goldman Sachs to explore options for over a dozen of its
businesses, including their possible sale.
A spokesperson for the German bank confirmed that the bank
wanted to concentrate more on
its core business and that it was reviewing its portfolio, but
refused to give details on specific business units.
Earlier this year, Dresdner Bank’s subsidiaries in South America
were sold, while its Japanese investment banking division will also
be shut down.
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