Germany

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Commerzbank Bouncing Back With Planned Dividend Payout

If all goes according to plan, early next year Commerzbank will pay a dividend for the first time since the bank was engulfed by the crisis, the Irish Times reported on a Financial Times story. That would be a symbolic moment in the rehabilitatio ...

Daily Headline - global.abi.org - 05/25/2015 - 22:45 - 0 comments

Smart Gun Company In Corporate Restructuring

The upheaval is deepening around the German maker of a controversial new smart gun, The Washington Post reported. Armatix, based near Munich, is undergoing a “corporate restructuring,” according to a statement Thursday from a company spokesman. Detai ...

Daily Headline - global.abi.org - 05/21/2015 - 21:44 - 0 comments

German Finance Minister Schäuble Doesn’t Rule Out Greek Default

Germany’s finance minister said he couldn’t rule out a Greek default, a stance that will add pressure on Athens as negotiations over much-needed financing enter their final stretch. Asked whether he would repeat an assurance he gave in late 2012 that Gre ...

Daily Headline - global.abi.org - 05/20/2015 - 21:35 - 0 comments

Germany Urges Greece To Undertake Reforms To Unlock Funds

German politicians kept up the pressure on Greece over the weekend to implement reforms, with Economy Minister Sigmar Gabriel warning Athens in an interview that a third aid package would not be on the cards unless the Greeks made some changes. Greece is ...

Daily Headline - global.abi.org - 05/17/2015 - 22:54 - 0 comments

Germany's EnBW Named As Preferred Bidder For Prokon

EnBW has been named preferred bidder for insolvent wind farm operator Prokon, Germany's third-biggest power utility said on Tuesday. EnBW has made a binding offer to acquire all assets of Prokon for a "mid-level three-digit million-euro" a ...

Daily Headline - global.abi.org - 05/12/2015 - 21:00 - 0 comments

Germany Signals It’s Open to a Greek Referendum on Bailout Program

A referendum on its international bailout program may be a good idea for Greece, Germany’s finance minister said Monday, underlining doubts among Greece’s creditors about the government’s ability to agree on divisive overhauls without endorsement by vote ...

Daily Headline - global.abi.org - 05/11/2015 - 22:12 - 0 comments

China’s Anbang in Talks to Buy German Real Estate Lender PBB

Anbang Insurance Group of China is in talks to buy the large real-estate arm of the failed German lender Hypo Real Estate AG, in a potential billion-euro deal that would expand a global shopping spree by the Beijing-based firm, according to people famili ...

Daily Headline - global.abi.org - 05/10/2015 - 22:15 - 0 comments

China’s Anbang in Talks to Buy German Real Estate Lender PBB

Anbang Insurance Group of China is in talks to buy the large real-estate arm of the failed German lender Hypo Real Estate AG, in a potential billion-euro deal that would expand a global shopping spree by the Beijing-based firm, according to people famili ...

Daily Headline - global.abi.org - 05/07/2015 - 22:42 - 0 comments

Local Court Opens Solar-Fabrik AG Insolvency Proceedings

The local court in Freiburg (Germany) on May 4th, 2015 communicated that it decided on May 1st, 2015, to open the insolvency proceedings regarding the assets of Solar-Fabrik AG (Freiburg), the PV company announced in an Ad hoc-News. The court ordered Dr. ...

Daily Headline - global.abi.org - 05/04/2015 - 21:14 - 0 comments

Deutsche Bank CEO In Court With Predecessors Over Kirch Bankruptcy

A fresh chapter in the long-running legal woes of Germany’s Deutsche Bank opened yesterday in Munich when joint chief executive Jürgen Fitschen appeared in court alongside his two predecessors, the Irish Times reported. Together with Josef Ackermann ...

Daily Headline - global.abi.org - 04/28/2015 - 21:56 - 0 comments

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