Wood and Commerzbank part.

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  • Additional Information
    • Subject Terms:
      PRAGUE (Czech Republic); CZECH Republic; GERMANY
    • Subject Terms:
      WOOD & Co.; COMMERZBANK AG; COMMERZBANK Capital Markets Corp.
    • Abstract:
      This article reports on the expiration of the partnership between Prague, Czech Republic-based Wood & Co. and Germany's Commerzbank. Commerzbank will end its 25% stake in Wood Securities, the holding company for Wood & Co., which will now be 100% owned by founder Richard Wood and other members of the company's management. On the other hand, Commerzbank is taking over the 50% holding of Wood & Co. in the joint venture WoodCommerz, which was set up in 1996 to trade central European bonds. WoodCommerz will be renamed Commerzbank Capital Markets.