login
login
Image header Agence Europe
Europe Daily Bulletin No. 9054
Contents Publication in full By article 32 / 39
ECONOMIC INTERPENETRATION / (eu) banking

DEUTSCHE BANK has an option to buy German private bank SAL. OPPENHEIM's stake in medium-sized Chinese lender HUAXIA BANK, setting it up to become the Chinese bank's top shareholder. The two German banks confirmed this week they would together be investing USD 329 mil to take a 14% stake in HUAXIA (9.9% for DEUTSCHE BANK, 4.1% for OPPENHEIM). The deal includes an option for DEUTSCHE BANK to buy OPPENHEIM's portion. DEUTSCHE BANK has taken its first step into retail banking in India, opening the first of eight new branches in Mombai (Bombay) to serve an expanding market. It will open a branch in New Delhi shortly.

Contents

THE DAY IN POLITICS
GENERAL NEWS
TIMETABLE
ECONOMIC INTERPENETRATION