Investor Cerberus open to Deutsche Bank merger with Commerzbank: Source

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U.S. investor Cerberus is open to a merger between Germany's two largest private banks, Deutsche Bank and Commerzbank, a person familiar with the ...

FRANKFURT: US 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.

Cerberus holds 3 per cent of Deutsche Bank shares and 5 per cent of Commerzbank shares, and was previously opposed to a merger, German newspaper Handelsblatt reported on Tuesday.

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