According to Reuters, Deutsche (DB), Commerzbank tentatively talk about merger

  • March 11, 2019


StockDeutsche Bank SymbolDB
Date Announced03/09/2019Source Reuters
TypeNews Report

The management board of Deutsche Bank (DB) has agreed to hold talks with rival Commerzbank (CRZBY) on the feasibility of a merger, a person with knowledge of the matter told Reuters on Saturday.


March 17, 2019: Deutsche Bank AG (DB), Europe’s once-dominant financial institution, threw in the towel on years of failed turnaround efforts and agreed to begin government-backed merger talks with Commerzbank AG (CRZBY).

March 17, 2019: Deutsche Bank (DB) and Commerzbank (CRZBY) confirmed on Sunday they were in talks about a merger, prompting labor union concerns about possible job losses and questions from analysts about the merits of a combination.

March 19, 2019: Deutsche Bank AG (DB) hired Citigroup Inc to advise on its possible combination with Commerzbank AG (CRZBY), according to people familiar with the matter.

March 19, 2019: Deutsche Bank AG (DB) and Commerzbank AG (CRZBY) are now getting down to the finer details of just how a takeover could actually work. With talks expected to last at least four weeks, there’s a mountain of thorny detail to work through.

March 28, 2019: Deutsche Bank AG (DB) said there have been no discussions in the management board about a capital increase in relation to a potential Commerzbank AG transaction.

April 03, 2019: Commerzbank’s executive board is due to decide on April 9 whether to intensify merger talks with Deutsche Bank (DB) or back away from a deal, German business weekly Wirtschaftswoche said on Wednesday.

April 18, 2019: Deutsche Bank AG (DB) is working on an alternative strategy to present to investors should takeover talks with rival Commerzbank AG collapse, according to people familiar with the matter.

April 25, 2019: Deutsche Bank (DB)  and Commerzbank on Thursday abandoned their merger talks, bowing to shareholder pressure and employee resistance in a move that may open the door for foreign rivals to acquire the smaller Frankfurt-based rivals.

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