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In an answer to a parliamentary request seen by Reuters, the Finance Ministry said that the Commerzbank share price, or the price offered in any takeover deal, would have to be some 26 euros to avoid a loss for the state. The Commerzbank shares are currently worth some 7 euros. Lisa Paus, budget lawmaker of the opposition Greens, said the Finance Ministry’s answers showed that the government’s loss currently stands at 3.7 billion euros ($4.16 billion), though it is unrealized initial cufflinks gold. “The bailout of banks has cost German taxpayers enormous sums of money in the past. Whoever believes that this is over now, is horribly mistaken,” Paus said..
“If the next big crisis hits, Deutsche Bank could turn into the next billion-euros grave for German taxpayers’ money,” Paus said, adding that she was against the merger initial cufflinks gold. Asked if the government had any plans to sell its Commerzbank stake in case of a merger, Finance Ministry official Bettina Hagedorn said that the government would not participate in any speculation regarding the outcome of the still ongoing merger talks between both banks, according to the document. Scholz and his deputy Joerg Kukies are widely seen as having pushed behind the scenes for a merger between Deutsche and Commerzbank. But since both banks announced their merger talks, Scholz has repeatedly played down the government’s role..
KUALA LUMPUR (Reuters) – Malaysia will sell a superyacht allegedly bought with stolen funds from state fund 1MDB to casino operator Genting Malaysia Bhd for $126 million, in the first major asset sale by Kuala Lumpur to recover billions lost from the fund. The superyacht Equanimity is among assets allegedly bought by fugitive financier Low Taek Jho and his associates with money taken from the fund, U.S. and Malaysian investigators have said. Jho Low, as he is known, allegedly paid $250 million for the 300-ft (91-m) yacht, which has an interior clad in marble and gold leaf, a spa and sauna, a 20-metre swimming pool, a movie theatre and helipad initial cufflinks gold.
Malaysia set a minimum price tag of $130 million when it put the yacht up for sale in October, but had struggled to find a buyer initial cufflinks gold. “Many offers were received..and a few were over $100 million,” Attorney General Tommy Thomas said in a statement on Wednesday, adding that Genting would pay the $126 million by the end of April. The government would save $4.4 million in agent’s commission since it negotiated directly with Genting Malaysia, he added. A spokesman for Low called the sale “a failed PR stunt”, saying Malaysia had accepted a “bargain basement sale price”..
In a statement, Genting said the acquisition would give it “a unique and competitive edge for its premium customers business.” The purchase will not affect 2019 earnings, it said. 1MDB, founded by former prime minister Najib Razak, is being investigated by at least six countries for money laundering and corruption. The U.S initial cufflinks gold. Department of Justice has said about $4.5 billion siphoned from 1MDB was used by Low and his associates to buy the yacht, a private jet, as well as Picasso paintings, jewellery, and real estate..