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28 June – LAWFUEL – The Law News Network – Allen & Overy advised Münc…

28 June – LAWFUEL – The Law News Network – Allen & Overy advised Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München on the sale of 12 million shares in Commerzbank AG, equivalent to approximately 2 per cent of Commerzbank’s share capital. The shares were sold after selection of the banks in an auction procedure.

The Allen & Overy team was led by Frankfurt-based partner Dr. Michael Schlitt, assisted by Dr. Susanne Schäfer and Michael Gottmann. Daniel Epstein (partner) and Dr. Dorothee Fischer-Appelt (both US law group, London) advised on US law aspects.

Commenting, Michael Schlitt said: “Being mandated on another important transaction for Munich Re highlights both the strength of our relationship and the strength of our international equity capital markets team.”

British MP George Galloway and his opponent the Daily Telegraph will leave no stone unturned to sort out what could be a spectacular libel case.