Allianz sets milestone in consolidation of German banking sector - Total consideration of 9.8 billion euros for Dresdner including a payment into a trust solution for specific ABS assets of Dresdner Bank of up to 975 million euros - Allianz purchases Cominvest, Commerzbank’s asset management entity - Allianz to improve insurance sales through access to an expanded network of branch offices of the new bank and to strengthen its bancassurance strategy - Oldenburgische Landesbank remains with Allianz Group - With a stake of nearly 30 percent Allianz will become the largest shareholder of Commerzbank - Potential synergies of 5 billion euros (NPV)
