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GERMANY-ITALY-BANKING-COMPANY-TAKEOVER-UNICREDIT-HVB
Alessandro Profumo, chairman of Italy-s number one bank UniCredito, gives a press conference 13 June 2005 in Munich. UniCredito and Germany-s second-biggest bank HypoVereinsbank (HVB) unveiled late on Sunday (12 June) the terms of their takeover. The transaction valued HVB alone at 15.4 billion euros (18.6 billion dollars). The multi-billion-euro tie-up between HVB and UniCredit will create a new financial powerhouse in the fast-growing central and eastern European market, even if the cost in terms of job cuts will be high, analysts said. AFP PHOTO DDP/JOERG KOCH GERMANY OUT
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Detalii fotografie |
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MUNICH Germany, 13 iun |
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AFP / Mediafax Foto |
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| Fotograf: |
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JOERG KOCH |
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| Data: |
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13 Iunie 2005 |
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2603 x 1549 (468.1 KB) |
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