Subsidiary

Legal disputes over Swiss franc loans cause M-Bank, Commerzbank’s Polish subsidiary, to report a loss in Q3

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Legal disputes over Swiss franc loans cause M-Bank, Commerzbank’s Polish subsidiary, to report a loss in Q3

Dhe legal disputes over Swiss franc loans pushed Commerzbank’s Polish subsidiary M-Bank into the red in the third quarter. The loss of M-Bank, which is almost 70 percent owned by Commerzbank, decreased to 83 million zloty (18.6 million euros) in the period from July to September after 2.28 billion zloty a year ago, as it … Read more

Heineken Sells Russian Business for 1 Euro: Withdrawal from Russian Market Amidst Ukrainian-Russian War

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Heineken Sells Russian Business for 1 Euro: Withdrawal from Russian Market Amidst Ukrainian-Russian War

Withdrawing from the Russian market, Heineken sells the Russian business for 1 euro. (Associated Press)☆Drinking too much alcohol is harmful to health, and drinking and driving is prohibited☆ [Financial Channel/Comprehensive Report]After the Ukrainian-Russian war broke out, foreign-funded enterprises withdrew from the Russian market one after another, but the Kremlin retaliated by seizing some foreign-funded assets. … Read more