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BERLIN -- Finance Minister Wolfgang Sch?le of Germany has begun a campaign to promote mergers among the country's publicly owned landesbanks, which suffered in the credit crisis and could lose support more quickly under new capital rules.
The cabinet is trying to promote industrial consolidation and the closure of outdated steel mills and other facilities, and announced Thursday that it would promote mergers among Chinese companies.
"We're at the beginning of a consolidation that will promote mergers and acquisitions with tremendous speed because of the economies built into one-stop shopping, and because of the demolition of the Glass-Steagall Act," which generally kept banks and their affiliates from underwriting securities.
DeNA also plans to promote mergers and acquisitions, and make investments through its approximately $27.5 million Incubate Fund No.1 Limited Partnership, a venture capital fund focused on social gaming.
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New proposals unveiled on July 10th by the FSA offer tax breaks, higher caps on deposit insurance and public funds—all in the hope of promoting mergers of regional banks.
Re "How to Promote a Merger" (editorial, July 9), about the National Association for the Advancement of Colored People's support of the AT&T and T-Mobile merger: For 12 years, the N.A.A.C.P. has monitored corporations on workers' rights, diversity and community reinvestment.
That failure has validated many of the arguments General Dynamics used to promote the merger in 1999, the former officials said.
Instead of faulting the company, he said, investors should fault the analysts who continued to promote the merger even as online advertising collapsed.
National Amusements might instead promote a merger with no premium – after all, its interests make the price of any deal something close to a zero-sum game.
Allianz holds big stakes in both institutions, and industry executives were convinced that Allianz was not eager to promote a merger involving Deutsche Bank, which has in many ways been a rival of Allianz and one of Germany's big power brokers.
With one building on the main campus of Shanghai Jiao Tong University and another at the affiliated Ruijin Hospital, the center "will promote the merger of basic and clinical techniques and methods in translational innovations," says Guang Ning, Ruijin's deputy director.
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