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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US Justice Department will not appeal AT&T, Time Warner merger after court lossWASHINGTON: AT&T Inc emerged victorious on Tuesday over the Trump administration's drawn-out attempts to block its US$85.4 billion purchase of ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Barrick bids US$18 billion for Newmont in gold mega-mergerCanadian miner Barrick Gold Corp said on Monday it had offered to buy U.S. rival Newmont Mining Corp in an all-stock deal that would create a ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
For Sainsbury and Asda, watchdog's analysis leaves merger in serious doubtSainsbury's planned 7.3 billion pound (US$9.5 billion) takeover of Walmart's Asda can only be salvaged if Britain's competition regulator ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »