Rock of the Rhine

28 November 2007 By John Foley

The cost of the quasistate bailout of the German lender has doubled to E4.8bn. IKB shareholders deserve nothing but they are likely to be bought out. As a result, they are still sitting on equity with a market value of E750m curiously almost exactly what Rock is worth.

This content is for Subscribers only

To access full Breakingviews.com content you must be a subscriber. Please use the following link to request a trial.

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)