By Andreas Cremer
March 2 (Bloomberg) -- The following is a list of companies whose shares may have unusual price changes in Germany. Stock symbols are in parentheses and share prices are from the previous close.
The DAX fell 2.5 percent to 3,843.74 on Feb. 27.
Commerzbank AG (CBK GY): Chief Executive Officer Martin Blessing said Germany’s second-largest bank may need more cash from the government, though it’s fine for now, Frankfurter Allgemeine Sonntagszeitung reported. The shares slipped 4 cents, or 1.4 percent, to 2.79 euros.
Deutsche Bank AG (DBK GY): Chief Executive Officer Josef Ackermann feels he has an “obligation” to Germany’s biggest lender, a spokesman for Deutsche Bank said after Sonntag reported that Ackermann is willing to step in as UBS AG’s new chairman. The shares dropped 1.12 euros, or 5.1 percent, to 20.78 euros.
Volkswagen AG (VOW GY): Europe’s largest carmaker said it will cut all 16,500 temporary jobs in global operations this year as the recession and tight credit sap purchases. The shares fell 14.10 euros, or 7 percent, to 188 euros.
To contact the reporter on this story: Andreas Cremer in Berlin at acremer@bloomberg.net.
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