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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