GERMANY: DEUTSCHE BANK AG ANNOUNCES $30 BILLION TAKEOVER OF ITS RIVAL, DRESDNER BANK AG.

Record ID: 981468

  • Title: GERMANY: DEUTSCHE BANK AG ANNOUNCES $30 BILLION TAKEOVER OF ITS RIVAL, DRESDNER BANK AG.
  • Date: 9th March 2000
  • Summary: FRANKFURT, GERMANY (MARCH 9, 2000) (REUTERS - ACCESS ALL) 1. GV/PAN: PAN FROM DEUTSCHE BANK HEADQUARTERS TO DRESDNER BANK 0.13 2. GV: VARIOUS EXTERIORS DRESDNER AND DEUTSCHE BANK HEADQUARTERS (2 SHOTS) 0.30 3. CU: SIGN LEADING TO NEWS CONFERENCE 0.36 4. GV/PAN/MV: DRESDNER BANK CHIEF EXECUTIVE BERNHARD WALTER AND DEUTSCHE BANK CHIEF EXECUTIVE ROLF BREUER WALKING IN TO NEWS CONFERENCE (2 SHOTS0 0.48 5. MV/CU: WALTER AND BREUER ON STAGE POSING FOR PRESS (3 SHOTS) 1.16 6. MV: VARIOUS BREUER AND WALTER SHAKING HANDS 1.34 7. TRACK: WIDE NEWS CONFERENCE 1.54 8. CU: SOUNDBITE (German) DRESDNER BANK CHIEF EXECUTIVE BERNHARD WALTER SAYING: "There will be a new bank, created through the merger of the Deutsche Bank and the Dresdner Bank. The new company still needs to be founded. We will then have the "Deutsche Bank-New". Dr. Breuer and I will be the two chief executives. To end all speculation; once the new company exists I will sign a five-year contract. God willing, I will honour that contract." 2.28 9. SV: JOURNALISTS 2.33 10. CU: SOUNDBITE (German) DEUTSCHE BANK CHIEF EXECUTIVE ROLF BREUER SAYING: "It was high time for a consolidation in Germany. Both banks were determined to lead the way and not follow behind. If one looks at the current business environment one notices that one must be active if one wants to avoid becoming a victim." 3.03 11. GV: JOURNALISTS 3.07 12. MCU: SOUNDBITE (German) DEUTSCHE BANK CHIEF EXECUTIVE ROLF BREUER SAYING: "With a common total value of 33 billion euro we are, regarding our future strategy, a powerhouse. To put it bluntly, we are loaded with gunpowder." 3.25 13. LV/TILT: WIDE NEWS CONFERENCE 3.38 14. SOUNDBITE (German) DEUTSCHE BANK CHIEF EXECUTIVE ROLF BREUER SAYING: "As you know, this means a reduction in personnel of over the next few years starting 2001. Of 16,000 course we will make use of natural fluctuation of staff to avoid forced redundancies." 4.04 15. WIDE OF NEWS CONFERENCE 4.10 16. GV: EXTERIOR BOURSE 4.17 17. GV/MV: VARIOUS TRADING ON STOCK EXCHANGE FLOOR (2 SHOTS) 4.31 18. GV/CU: RATES FOR DEUTSCHE AND DRESDNER BANKS (2 SHOTS) 4.37 19. GV: TRADERS 4.44 Initials Script is copyright Reuters Limited. All rights reserved
  • Embargoed: 23rd March 2000 12:00
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  • Location: FRANKFURT, GERMANY
  • Country: Germany
  • Reuters ID: LVAU4D2ICVR4S0B2913MH9AMFK8
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  • Copyright Holder: REUTERS - SOURCE TO BE VERIFIED
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