Germany to sell stake in subprime-hit bank IKB
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The German state has decided to sell its 38-percent stake in the distressed bank IKB, one of those hit hard by the US home loan debacle, a press report said Wednesday.
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Henkel KGaA (HNKG_p.DE: Quote, Profile, Research) has agreed to sell back a 29-percent stake in US cleaning products maker Clorox Co.
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The company, battered by the subprime crisis, said it would sell a $5 billion stake to a Chinese investment.
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The German government said it was nearing a deal in which German banks would buy a stake in EADS as DaimlerChrysler reduces its holdings in the company.
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NEW YORK (Dow Jones/AP) -- Deutsche Bank AG of Germany plans to sell its New York, Philadelphia, Cincinnati and Chicago offices of Scudder Private Investment Counsel to Legg Mason Inc.
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The bank said it would sell a $5 billion stake to Chinaâs sovereign wealth fund as it posted a loss after taking a new $5.7 billion write-down related to mortgages.
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Commerzbank, the second-biggest listed bank in Germany, said it has sold its 8.4-percent stake in Italian sports car maker Ferrari for an estimated 260 million euros (329 million dollars).
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IKB , the German bank which nearly went bust after its subprime investments crashed, is searching for up to 2 billion euros to stay afloat, sources with direct knowledge of the situation told Reuters.
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The eastern German state of Saxony sold a troubled state-run bank as the global liquidity crisis claimed its first major European victim.
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The German state of Saxony said Sunday it would sell the Landesbank Sachsen (SachsenLB), which has been hard hit by the US subprime crisis, to the Landesbank Baden-Wuerttemberg (LBBW).
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HVB Bank, the second largest bank in Germany, said it would post a loss for 2004 after writing down 2.5 billion euros ($3.2 billion) for its real estate loans portfolio.
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Dutch bank and insurer ING Group said Monday it will sell the activities of Baring Asset Management, nearly a decade after it purchased the remains of the bankrupt British bank Barings.
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The three largest shareholders in MAN sold their 25 percent stake in the German machinery and vehicle maker on Wednesday for EUR1 billion, marking a further step in the disentangling of Germany Inc., the ...
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Deutsche Bank AG, Europe&#39;s third- biggest bank, will book a loss of less than 40 million euros ($54.1 million) from the sale of real estate assets to Eurocastle Investment Ltd.
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GENEVA/NEW YORK  - Swiss-based banking giant UBS  AG has agreed to buy Charles Schwab Corp.'s capital markets  unit for $265 million in cash, making UBS a leading player on  the U.S. Nasdaq exchange, the companies said on Tuesday.
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Steel company ThyssenKrupp AG said Wednesday it has sold some 48,000 residential housing units in western Germany for &#36;2.8 billion to a consortium of real estate funds of U.S. bank Morgan Stanley and Germany's Corpus-Immobiliengruppe.
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German bank WestLB expects to make a net loss of about one billion euros and another billion in write-downs.