Commerzbank: Deutsche Bank may be interested in company

(CercleFinance.com) - Deutsche Bank may be interested in Commerzbank, and is likely to appoint Morgan Stanley as advisor, according to Bloomberg, based on information from La Republica.


The transalpine daily reports that Deutsche Bank is one of the few players in a position to oppose UniCredit, as Invest Securities pointed out this morning.

UniCredit announced at the end of September that it had increased its stake in Commerzbank from 9% to around 21%, following the acquisition of financial instruments.

UniCredit is now Commerzbank's largest shareholder, ahead of the German state.

According to analysts, this surprise announcement confirms the speculative appeal of the Commerzbank dossier, even though many continue to point to the uncertainty surrounding the timing of a possible transaction.

UniCredit itself remains vague about its intentions, explaining that it sees potential value creation in Commerzbank, whether it remains independent or moves closer to UniCredit.

As highlighted in a recent report by the European Commission, UniCredit believes that a strong banking sector is key to the continent's economic success, it said.


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