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DW News

Commerzbank to sell UK property loans

Commerzbank, Germany's second-largest bank, has agreed to sell its portfolio of UK property loans. The move comes alongside media reports that the German government is preparing to sell its 17 percent stake in the company. The bank has suffered record losses in the past five years, with shares dropping by 95 percent, representing heavier losses than at any other major Euorpean bank.

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