Commerzbank says still open to M&A after Deutsche Bank talks collapse
WIESBADEN, Germany - Commerzbank may refine its strategy and is still open to mergers following the collapse of talks with its larger rival Deutsche Bank, the lender’s chief executive said on Wednesday.
“We will be able to say more about this in the autumn,” Zielke said at the bank’s annual shareholder meeting. With Deutsche out of the picture, both Italy’s UniCredit and Dutch ING Groep have expressed interest in Commerzbank, which is Germany’s second-largest listed lender, sources have said.
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