Commerzbank is to sell Dresdner Bank’s Swiss subsidiary to LGT Bank of Liechtenstein as it presses ahead with reorganisation after last year’s troubled takeover. LGT’s purchase of Dresdner Bank (Switzerland) doubles its asset base in Switzerland to about SFr20bn ($19bn) under management for a total of about SFr87bn.

This entry was posted by Gwen Robinson on Tuesday, July 28th, 2009 at 5:01 and is filed under Capital markets, M&A. Tagged with commerzbank, dresdner, LGT. Edit this entry.