Chinese sovereign fund eyes Dresdner buy -paper

FRANKFURT (Reuters) - China sovereign wealth fund China Investment Corp (CIC) is in "intensive talks" to buy the whole of Allianz's (ALVG.DE: Quote, Profile, Research, Stock Buzz) Dresdner Bank, a German newspaper reported on Thursday, citing industry sources.

The Sueddeutsche Zeitung said the talks between CIC and Allianz were continuing.

Allianz and Dresdner declined to comment.

Germany's manager magazine had reported on Wednesday that a Chinese bank was interested in buying Dresdner's corporate and investment banking activities, known as Dresdner Kleinwort.

The magazine did not cite sources for its report that a Chinese bank, which it did not identify, had already made an offer, even though the books at the unit were not yet open.

(Reporting by Jonathan Gould; Editing by David Holmes)