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November 15, 2005

Commerzbank sells its interest in Banca Intesa

Commerzbank is disposing of its 2.9% stake in the Italian Banca Intesa. The roughly 200m shares will be placed this Tuesday through an accelerated bookbuilding process by Commerzbank Corporates & Markets and Citigroup as joint book-runners. The actual market value of the transaction is approximately 800m euros.