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BULLETIN: Germany's Commerzbank AG in Early Talks About Purchase of ING BHF-Bank AG Jun 04
Standard & Poors, June 2004
Abstract
FRANKFURT (Standard & Poor's) June 7, 2004--Standard & Poor's Ratings Services said today that it notes that Germany-based Commerzbank AG (A-/Negative/A-2) is in talks with Netherlands-based ING GROEP N.V. (A+/Stable/A-1) about a possible purchase of Germany-based ING BHF-Bank AG (--/--/A-2). Talks are at a very early stage, however, and it is therefore too early to determine any implications for the ratings on either Commerzbank, ING BHF-Bank, or ING GROEP N.V. Standard & Poor's expects to comment further as the transaction process evolves. ANALYST E-MAIL ADDRESSES bernd_ackermann@standardandpoors.com richard_barnes@standardandpoors.com FIG_Europe@standardandpoors.com...
Companies mentioned in this report are: Commerzbank AG,ING BHF-Bank AG,ING Groep N.V.
Action: Bulletin
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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