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Commerzbank raises Comdirect stake to 80%

Commerzbank, the German banking group, has raised its share of Comdirect, the listed online broker, to 80% after buying just over 20% for about €200m ($240m) from T-Online International, a unit of Deutsche Telekom.

The remainder of the company, which Commerzbank founded in 1995, is in free float after listing on the Deutsche Börse in 2000. It has a market capitalisation of €1bn.

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