VOL. XL No. 1621-April-1997


Commerzbank Increases Its Stake In BMCE

Commerzbank, one of Germany's big three private-sector banks and one of theworld's 30 largest, announced on 12 April that it had increased its stake inCasablanca-based Banque Maroccaine du Commerce Exterieure (BMCE). According toa statement, Commerzbank has taken a 10% stake in the Moroccan bank afterobtaining the additional shares from the government's Caisse de Dep鍍 et deGestion (MEES, 7 April). Commerzbank previously...