Dresdner Kleinwort Wasserstein (DrKW) will be floated within three years according to Allianz - Europe's largest insurer - which has made a $20.5bn bid to buy Dresdner Bank.
Allianz chief executive Henning Schulte-Noelle said: No redundancies are intended, the merger aims to benefit from synergies not cost-cuttings. But some analysts are sceptical about the future ...
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