Commerzbank: will Cerberus take a stake?
(CercleFinance.com) - Commerzbank is up 1.
6% in Frankfurt; according to Blommberg, Cerberus Capital Management is currently considering taking a minority stake in the capital of the German banking group, with the news agency quoting closely related sources.
Bloomberg explains that the private equity company aims to strengthen its investments in European banks, so as to capitalise on the improving outlook for the sector.
Bloomberg states that Cerberus Capital Management may buy shares on the market, although it has not yet made a final decision, in particular regarding the size of a potential stake.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
6% in Frankfurt; according to Blommberg, Cerberus Capital Management is currently considering taking a minority stake in the capital of the German banking group, with the news agency quoting closely related sources.
Bloomberg explains that the private equity company aims to strengthen its investments in European banks, so as to capitalise on the improving outlook for the sector.
Bloomberg states that Cerberus Capital Management may buy shares on the market, although it has not yet made a final decision, in particular regarding the size of a potential stake.
Copyright (c) 2017 CercleFinance.com. All rights reserved.