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Financial News: Commerzbank seals Dresdner deal early
Posted by:peter 40 days ago • Discuss
FRANKFURT, Nov 28 - Commerzbank shares surged in early trading on Friday after the German bank sealed its takeover of Dresdner Bank ahead of time late on Thursday, paying less than market participants had feared.
Commerzbank will pay just over €5bn $6.6bn in a deal some have greeted with scepticism in the face of the global financial crisis.
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