FRANKFURT (AFX) - Twelve institutions including Deutsche Bank AG, Commerzbank AG, HVB AG, Banco Santander Central Hispano SA and Citibank have submitted bids to acquire the 100 branches of Norisbank from parent DZ Bank, according to a prerelease of Handelsblatt's Monday edition, citing sources.
It said the deadline for the submission of bids was last Friday.
The 100 Norisbank branches are worth about 500-600 mln eur, it added. marilyn.gerlach@afxnews.com mog/hjp COPYRIGHT Copyright AFX News Limited 2005. All rights reserved. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News. AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited