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Dresdner Bank AG was a German bank, founded in 1872 in Dresden, then headquartered in Berlin from 1884 to 1945 and in Frankfurt from 1963 onwards after a postwar hiatus. Long Germany's second-largest bank behind Deutsche Bank, it was eventually acquired by Commerzbank in May 2009.
Sep 1, 2008 · Allianz has agreed to sell Dresdner Bank to Commerzbank in a deal that will re-shape the German banking industry. Allianz’s supervisory board approved the sale of Dresdner after meeting on Sunday.
In 2001 Dresdner was acquired by Allianz AG, a global insurance provider that saw the takeover as a way of bolstering its financial management arm. Both Dresdner and Allianz have suffered since this merger because of problems with Dresdner's investment bank business, Dresdner Kleinwort Wasserstein. The Early Years.
Jul 1, 2008 · Commerzbank and Allianz, the insurance group that owns Dresdner, have been in contact for weeks over a possible link-up but discussions have intensified and become more detailed, according to...
Sep 10, 2008 · Cleary Gottlieb is representing Commerzbank with respect to the U.S. regulatory aspects of Commerzbank’s acquisition of Dresdner Bank and the simultaneous investment in Commerzbank by Allianz. The transaction is set to be Germany’s largest banking takeover in recent years.
Jun 13, 2016 · In April 2001, the Munich-based insurance firm, Allianz, bought Dresdner Bank for more than €20 bn. Unfortunately, such optimism was unfounded. The projected synergies never materialized and in August 2008, Allianz sold Dresdner Bank to Commerzbank for €9.8 bn.
Sep 1, 2008 · Commerzbank AG has agreed to acquire Dresdner Bank AG in a €9.8 billion ($14.4 billion) deal that will combine Germany's No. 2 and No. 3 banks by assets, creating a bulkier domestic rival to...
