This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.
Bond Market News
Commerzbank Merger Talks Re-Emerge
January 15, 2024
Talks regarding Commerzbank’s merger have resurfaced after Germany said it was looking at all options to raise funds by selling stakes in some of the 100 companies it owns. As per a source, Germany’s finance minister is open to a disposal of its remaining 15% stake in Commerzbank. The government has been planning to raise up to €4bn in 2024 by selling company stakes. Five years ago, Deutsche Bank and Commerzbank were planned to merge but the deal was halted. However, some analysts believe that the chances of a sizeable transaction are not imminent due to several hurdles.
Commerzbank’s USD 7% Perp was trading stable at 96.13 cents on the dollar, yielding 10.5%
For more details, click here
Go back to Latest bond Market News
Related Posts:
Commerzbank Reports Profits, Restructuring Costs Dip
August 4, 2022
Commerzbank Prepares for $471mn Q3 Hit on mBank Unit
September 28, 2022
BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.