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Real Estate News |
Commerzbank integrates US real estate financing into Eurohypo unit
Frankfurt, March 28, 2006- Commerzbank AG has decided to integrate its US commercial real estate financing section into Eurohypo AG, Europe’s largest real estate bank it is acquiring. Details of the merger are expected to be finalized by April. Eurohypo has previously increased its US business by nearly 60% to 6.5 billion in the previous year. However, Commerzbank will assume the finally 49% share of Eurohypo currently owned by Deutsche Bank AG and Dresdner Bank AG, giving it 98 % of the total shares.
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