Investor Cerberus open to Deutsche Bank merger with Commerzbank: source

FRANKFURT - U.S. investor Cerberus, a major shareholder in both Deutsche Bank and Commerzbank, is open to a merger between Germany’s two biggest lenders, a person familiar with the matter said on Wednesday, raising the chances of a tie-up.

Speculation of a merger has heightened under the tenure of Finance Minister Olaf Scholz, who has spoken in favor of strong banks. Both banks have been slow to return to sustainable profitability since the global financial crisis. Cerberus holds 3 percent of Deutsche Bank shares and 5 percent of Commerzbank shares, and was previously opposed to a merger, German newspaper Handelsblatt reported on Tuesday.

Based on Tuesday’s closing prices, a combination of Deutsche Bank and Commerzbank would have an equity market value of almost 25 billion euros.

Hmmmmmmmmmmm....

DB should be investigated for their role in Trump family crime.

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Investor Cerberus favors Deutsche Bank, Commerzbank merger: HandelsblattU.S. investor Cerberus, which is a major shareholder in both Deutsche Bank and C... This is already sealed. Watch it. Afterwards the new bank will be nationalized
منبع: Reuters - 🏆 2. / 97 ادامه مطلب »

London markets climb supported by banking and mining; Sainsbury’s merger with Asda at riskLondon markets were up on Wednesday, after gains from the banking and mining sector helped to boost the FTSE 100
منبع: MarketWatch - 🏆 3. / 97 ادامه مطلب »