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Allianz moves ahead with sale of Dresdner bank to Commerzbank

Allianz, the German (re)insurance giant, said that it is moving ahead with the sale of its investment banking division Dresdner Bank to Commerzbank.

Commerzbank will now buy 100% of Dresdner immediately. The original agreement entailed Commerzbank purchasing a 60% share in Dresdner Bank at the beginning of 2009, and the remaining 40% share during

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