BRIEF-Commerzbank Says It Discontinues Discussions on Potential Merger With Deutsche Bank

BRIEF-Commerzbank Says It Discontinues Discussions on Potential Merger With Deutsche Bank
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  • Country:
  • Germany

Commerzbank Ag: * DGAP-ADHOC: COMMERZBANK AND DEUTSCHE BANK DISCONTINUE DISCUSSIONS

* AFTER CAREFUL ANALYSIS, MANAGEMENT BOARD OF COMMERZBANK HAS CONCLUDED TODAY THAT A COMBINATION WITH DEUTSCHE BANK WOULD NOT HAVE CREATED SUFFICIENT BENEFITS TO OFFSET ADDITIONAL EXECUTION RISKS, RESTRUCTURING COSTS AND CAPITAL REQUIREMENTS ASSOCIATED WITH SUCH A LARGE-SCALE INTEGRATION * AS A RESULT, TWO BANKS HAVE DECIDED TO DISCONTINUE DISCUSSIONS Source text for Eikon

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