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Commerzbank AG & Finanzmarktstabilisierungs fonds{SoFFin}	Update Date: 01/20/09
Date Announced: 01/08/09
Value (million $USD): 2.43 billion U.S. Dollar 1.77 billion EURO

Status: Pending

TRANSACTION DETAILS
Date Announced	01/08/09
Date Originally Announced	01/08/09
Format	Acq. Part. Int.	Acquisition techniques	Privately Negotiated Purc; Internal Reorganization
Attitude	Friendly	Agency	n/a
Value	2.43 billion U.S. Dollar 1.77 billion EURO	Advisor Fees	n/a

SYNOPSIS
GERMANY - German state-owned Finanzmarktstabilisierungsfon ds {SoFFin} planned to acquire a 25% stake plus one share, or 295 mil ordinary shares, in Frankfurt-based Commerzbank AG, for 6 euros ($8.226 US) per share, or a total value of 1.77 bil euros ($2.427 bil), via capital increase, in a privately negotiated transaction.

TARGET
Name	Commerzbank AG (Frankfurt : CBK)
Industries	n/a
City	Frankfurt Am Main
State	n/a
Nation	Germany
Incorporated in	n/a
Public Status	Public
Business Description	Commerzbank AG, located in Frankfurt, Germany, is a bank specializing in online retail banking, corporate banking for retail customers, small and medium sized enterprises and multinationals. The Company's divisions are Group Management and Services, Retail Banking and Asset Management, Corporate and Investment, Commercial Real Estate, Public Finance and Treasury. It has operations in Europe including Germany, America, Asia and Other Countries. The Company was founded in 1870.
Advisors	NULL
Target Sales	36.64 billion U.S. Dollar 25.95 billion EURO

ACQUIROR
Name	Finanzmarktstabilisierungs fonds{SoFFin}
Industries	n/a
City	Frankfurt Am Main
State	n/a
Nation	Germany
Incorporated in	n/a
Public Status	Government
Business Description	Finanzmarktstabilisierungsfon ds, located in Frankfurt, Germany, is a national government agency. The fund focuses on the stabilization of the country's financial system. It grants guarantees in an amount of up to 400 billion euros and promotes recapitalization and assumption of risk positions. The company was founded in 2008.
Advisors	UBS Investment Bank
Acquiror Sales	n/a

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