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Chinese bank eyes Dresdner

FT Alphaville |  August 5th, 2008 | Email this
China Development Bank, which funds the nation's public works, is interested in buying Allianz’s Dresdner Bank unit to gain a foothold in the European market, reports Bloomberg. The Beijing-based lender has conducted due diligence on Dresdner, say people familiar with the matter. CDB has acquired 3.1% of UK lender Barclays [...]

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