logo
Plus   Neg
Share
Email

Deutsche Bank Faces Resistance To Merger Plans With Commerzbank; Stock Dips

Deutsche Bank AG's (DB) merger plans with Commerzbank AG (CRZBY.PK) is facing growing resistance in recent days, according to a report by German daily Frankfurter Allgemeine Zeitung.

As per the report, the resistance has increased on Deutsche Bank's supervisory board against a merger, with one member finding the merger too complex.

In addition, major shareholders including Emirate of Qatar, asset manager Blackrock and Chinese conglomerate HNA consider the merger too complex to be successful.

In late March, Bloomberg reported that Deutsche Bank was facing resistance from top Qatari shareholders to its merger plans with Commerzbank.

As per the latest report, Deutsche Bank will give an update on the talks along with its first-quarter results announcement.

In Germany, Commerzbank shares were trading at 7.94 euros, down 2.35 percent, and Deutsche Bank is trading at 7.69 euros, down 1.23 percent.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Whole Foods Market stores have recalled Decorated Red Apple Cookies as they may contain undeclared egg. People who have an allergy or severe sensitivity to these allergens run the risk of serious or life-threatening allergic reaction if they consume these products. The cookies were sold by the... Norwex has announced voluntary recall of about 58,000 rubber brooms due to laceration hazard. According to the company, handles of the recalled brooms can break in half, exposing a metal inner rim, posing a laceration hazard to the user. The recall involves extendable indoor/outdoor white rubber... Amazon.com Inc. has expanded its AmazonFresh grocery delivery service to three new cities. Beginning today, Amazon Prime members in Houston, Minneapolis and Phoenix can shop thousands of products, ranging from meat and seafood to fresh produce and everyday essentials. The groceries will be delivered to their homes in two hours or less, with options for one-hour and two-hour delivery.
Follow RTT