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Tuesday, May 31, 2005
Germany's second largest bank, HVB, on Monday confirmed it is negotiating with the Italian Group UniCredito for a possible merger, according to Reuters.
If the merger is approved by government regulators, the new bank will be one of the largest in Europe.
Rumors about the merger on Friday sent HVB share prices spiraling to its highest level this year.
HVB recently announced it had agreed on a merger with Romania's Banca Tiriac following talks with majority shareholder Ion Tiriac, a move that is expected to create one of Romania's largest private banks with a 7.5% market share in terms of total assets.
Posted by Iulia Rasoiu : 5/31/2005 09:17:00 am
06/01/2004 - 07/01/2004
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