Allianz takes over Germany's third biggest bank

Allianz AG insurance firm is to take over Germany's third largest bank, Dresdner Bank AG.

Allianz takes over Germany's third biggest bank
Sun, 01 Apr, 2001 - 20:59

Allianz AG insurance firm is to take over Germany's third largest bank, Dresdner Bank AG.

Directors have approved the German insurance giant's takeover to form a new European powerhouse, Allianz.

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CourtsHeathrowPlace: GermanyOrganisation: AllianzOrganisation: Allianz AGOrganisation: Dresdner Bank AGOrganisation: Dresdner BankOrganisation: Dresdner
<p>The High Court judge said this was a very serious matter and wondered if it was indicative of a Ponzi scheme.</p>

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