Commerzbank Aktiengesellschaft
Commerzbank and Deutsche Bank discontinue discussions
DGAP-News: Commerzbank Aktiengesellschaft / Key word(s): Mergers & Acquisitions Commerzbank and Deutsche Bank decided today to discontinue their discussions concerning a combination of their businesses. After careful analysis it became apparent that such a combination would not be in the interests of either bank’s shareholders or other stakeholders. “It made sense to evaluate this option for domestic consolidation in Germany. However, we were always clear: we needed to be convinced that any potential combination would generate higher and more sustainable returns for shareholders and allow us to enhance our value proposition to clients,” said Martin Zielke, CEO of Commerzbank. “After thorough analysis, we have concluded that this transaction would not have created sufficient benefits to offset the additional execution risks, restructuring costs and capital requirements associated with such a large-scale integration. I would like to thank Christian Sewing and everyone involved for the constructive discussions over the past few weeks. We will continue our strategy, grow together with our clients and invest in our future.” ***** Press contact About Commerzbank *****
25.04.2019 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | Commerzbank Aktiengesellschaft |
Kaiserstraße 16 | |
60311 Frankfurt am Main | |
Germany | |
Phone: | +49 (069) 136 20 |
Fax: | – |
E-mail: | pressestelle@commerzbank.com |
Internet: | www.commerzbank.de |
ISIN: | DE000CBK1001 |
WKN: | CBK100 |
Indices: | MDAX, CDAX, HDAX, PRIMEALL |
Listed: | Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart; Regulated Unofficial Market in Tradegate Exchange; London, SIX |
EQS News ID: | 803311 |
End of News | DGAP News Service |
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