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  • Date of publication: 31 August 2020
  • 1929
  • businessbuysale.com
  • Deutsche Bank is considering merging with its rival, Commerzbank

    Synopsis

    Paul Ahlaytner, Chairman of the Supervisory Board of Deutsche Bank, discussed with shareholders of the bank the merger issue

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Description

Paul Ahlaytner, Chairman of the Supervisory Board of Deutsche Bank, discussed with shareholders of the bank the merger issue

 

Such information was reported by Bloomberg, referring to its sources. These sources say that over the past few months Mr. Ahlaytner has met with investors and high-ranking officials in the German government about a possible merger.

However, so far there have been no official discussions between the banks yet.

The publication also notes that the main problem hampering the decision to merge is the reduced value of Deutsche Bank shares.

According to investors, the consequence of the merger with Commerzbank may be a dilution of shares, and it may "potentially provoke the need for capitalization and significant write-offs."

According to another interviewee, earlier, in 2016, banks were already discussing the merger, but decided to abandon it.

Net loss in 2017, Deutsche Bank, which recorded losses for the last three years, was € 512 million.

Now Deutsche Bank is gradually leaving the US stock market. The plans of the new bank's CEO, Christian Seving, focus on the European market.

 

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