Deutsche Bank Explores Options to Oppose a UniCredit Takeover of Commerzbank, Bloomberg Reports
--Deutsche Bank executives have been analyzing ways to hinder a potential acquisition of peer Commerzbank by Italian lender UniCredit after it bought a 9% stake in the German group, Bloomberg reports, citing unnamed sources.
--DB would oppose a potential tie-up, which would create a huge competitor in the German market. Its executives have been considering buying part or all of the German government's remaining 12% stake in Commerzbank, but may also not do anything in response, Bloomberg reports.
--DB and Commerzbank declined to comment when approached by Dow Jones Newswires.
--DB shares fell in early afternoon trading before paring some losses to trade down 1.7% at 14.38 euros.
Full story: https://tinyurl.com/5aawk5wr
Write to Elena Vardon at elena.vardon@wsj.com
(END) Dow Jones Newswires
September 16, 2024 09:17 ET (13:17 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
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