PRESS RELEASES 2009

04/01/2009

DZ BANK and WGZ BANK decide not to pursue their merger talks further for the time being

DZ BANK and WGZ BANK have agreed not to pursue their merger talks further for the time being. The main reason for the decision is the continued difficult situation in the international financial markets and the considerable uncertainty it has created.

Both banks attach importance to the fact that it was possible to reach broad agreement on the salient points of the merger. The banks’ statutory auditors also confirmed that the accounts of the two companies accurately reflect the respective risks. DZ BANK and WGZ BANK will further extend their good cooperation to date, realising projects that are important for the two banks and the Cooperative Financial Services Network.

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Contact:

Martin Roth, Tel.: +49-69-7447-42750
Dr. Ilja-Kristin Seewald, Tel.: +49-69-7447-42894