Financial and Banking News
Commerzbank Wants to Sell its Stake in UBAE Arab German Bank
MEES understands that Commerzbank wants to sell its 25.1% stake inLuxembourg-based UBAE Arab German Bank. Mr. Gunter Grommek, UBAE's ManagingDirector, declined to comment. UBAE has a branch in Frankfurt, making it anattractive proposition for a bank looking to strengthen its European base. Thetwo other shareholders in UBAE are Arab Bank and the UBIC holding company,...