Merger pos­si­ble for Ger­man bank gi­ants

Houston Chronicle - - BUSINESS | LIFE TRIBUTES - By Steven Arons

The Ger­man fi­nance min­istry is will­ing to “or­ches­trate” a merger be­tween Deutsche Bank AG and Com­merzbank AG, ac­cord­ing to Fo­cus mag­a­zine.

Var­i­ous sce­nar­ios have been dis­cussed, in­clud­ing one in which the Ger­man state would be­come Deutsche Bank’s largest share­holder for about five years be­fore merg­ing the two banks, Fo­cus re­ported with­out say­ing how it got the in­for­ma­tion. Al­ter­na­tively, Deutsche Bank could raise money from Ger­man in­dus­trial com­pa­nies to buy Com­merzbank. An­other op­tion dis­cussed in the fi­nance min­istry has been cre­at­ing a hold­ing com­pany that would own stakes in both banks.

Representatives for the fi­nance min­istry, Deutsche Bank and Com­merzbank all de­clined to com­ment.

Fi­nance Minister Olaf Scholz has said the coun­try needs strong banks for its ex­port-ori­ented econ­omy.

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