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Europe Daily Bulletin No. 8011

21 July 2001
Contents Publication in full By article 26 / 47
GENERAL NEWS / (eu) eu/competition
Conditional authorisation of Dresdner Bank-Allianz Merger

Brussels, 20/07/2001 (Agence Europe) - The European Commission authorised the merger between the largest life insurance and non-life insurance group Alliance and the third largest German universal commercial bank Dresdner Bank on condition that they reduce links with another "bank-insurance" group, Munchener Re and its subsidiary Ergo. According to the Commission, the latter in fact constitutes a competitor of high importance for the Allianz-Dresdner Bank, which will become the largest...

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