As part of the concentration on the strategic core business with corporate clients, Dresdner Bank has decided to relinquish the non-strategic i.e. the private client business in the Czech Republic. To this end, Dresdner Bank AG and the Austrian BAWAG P.S.K. Group have successfully completed negotiations on the sale of Dresdner Bankâs Czech subsidiary Dresdner Bank CZ. The transaction is pending authorization by regulatory bodies.
Following the successful closing of the sale, Dresdner Bank and BAWAG will closely cooperate via a partnership in corporate client business in the Czech Republic, thereby ensuring that Dresdner Bankâs corporate clients continue to benefit from the high level of service and broad range of products of both Dresdner Bank and BAWAG P.S.K. Group. Dresdner Kleinwort Wassersteinâs investment banking clients will continue to be serviced by the Bankâs London, Luxembourg and Frankfurt operations.
Simone Stein Tel. 069 263â4960
Katerina Piro Tel. 069 263â81774