Consolidation
Cominvest and AGI
03/09/08 09:00
Handelsblatt has analysed the impact of the acquisition of Dresdner Bank by Commerzbank. In exchange, Commerzbank hands over the asset manager Cominvest for an estimate of only 700 Mn. EUR.
Our main arguments:
- Consolidation will concentrate on multiple functions and backoffice
- Institutional business might be set to grow due to larger client network and sales resources
The article can be read here (in German)