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Commerzbank Completes Integration of Deutsche Schiffsbank

Date : 23/05/2012 @ 14:23
Source : Dow Jones News
Stock : Commerzbank AG O.N. (CBK)
Quote : 7.83  -0.526 (-6.29%) @ 16:29
Commerzbank share price Chart

Commerzbank Completes Integration of Deutsche Schiffsbank

Commerzbank (XE:803200)
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Commerzbank (CBK.XE) announced Wednesday it has concluded the integration of Deutsche Schiffsbank into its banking operations, effective May 22.

MAIN FACTS:

-Merger of Deutsche Schiffsbank AG with Commerzbank AG has been entered into the commercial register.

-Commerzbank receives authorization by Federal Financial Supervisory Authority to issue public sector covered bonds, or pfandbriefe, and ship pfandbriefe.

-Business area "Ship Finance" will be named "Deutsche Schiffsbank" and continued in the bank's "asset-based finance" segment.

 
-Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500 
 



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