Commerzbank owns 100 % of Deutsche Schiffsbank
Commerzbank AG has acquired the minority stake of some 8 % in Deutsche Schiffsbank AG, Hamburg/Bremen, currently held by UniCredit Bank AG.
- (1888PressRelease) November 14, 2011 - Thus Commerzbank owns 100 % of Deutsche Schiffsbank, one of the leading providers of ship financing worldwide. The regulatory authorities have approved the transaction. The parties have agreed to maintain confidentiality about the details of the agreement.
In March 2011 Commerzbank had already announced its intention of acquiring the stake of UniCredit in Deutsche Schiffsbank and of merging Deutsche Schiffsbank with Commerzbank AG subsequently.
Press contact:
Commerzbank
Nils Happich + 49 69 136 44 986
Deutsche Schiffsbank
Felicia Richter + 49 40 376 99 620
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About Commerzbank
Commerzbank is a leading bank for private and corporate customers in Germany. With the segments Private Customers, Mittelstandsbank, Corporates & Markets, Central & Eastern Europe as well as Asset Based Finance, the Bank offers its customers an attractive product portfolio, and is a strong partner for the export-oriented SME sector in Germany and worldwide. With a future total of some 1,200 branches, Commerzbank has one of the densest networks of branches among German private banks. It has around 60 sites in more than 50 countries and serves more than 14 million private clients as well as 1 million business and corporate clients worldwide. In 2010, it posted gross revenues of EUR 12.7 billion with some 59,000 employees.
Disclaimer
This release contains statements concerning the expected future business of Commerzbank, efficiency gains and expected synergies, expected growth prospects and other opportunities for an increase in value of the company as well as expected future net income per share, restructuring costs and other financial developments and information. These forward-looking statements are based on the management's current expectations, estimates and projections. They are subject to a number of assumptions and involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from any future results and developments expressed or implied by such forward-looking statements. Commerzbank has no obligation to periodically update or release any revisions to the forward-looking statements contained in this release to reflect events or circumstances after the date of this release.
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