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Fri 01 Jan 2009Germany injects further €10bn into Commerzbank
THE GERMAN state has injected a further €10 billion into Commerzbank and has taken a 25 per cent stake to shore up the country’s second-largest lender and allow it to complete the take- over of Dresdner Bank, its ailing rival.
The capital increase comes two months after the bank received an €8.2 billion injection from the government’s financial sector bail-out fund.
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