Deutsche And Commerzbank Confirm Merger Talks
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2019-03-17 HKT 21:54
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Germany's two biggest lenders, the ailing Deutsche Bank and Commerzbank, confirmed on Sunday they would launch formal talks toward a possible merger.
Deutsche Bank said in a statement it was "reviewing strategic options and confirms discussions with Commerzbank", adding that "there is no certainty that any transaction will occur".
Commerzbank said both banks had "agreed today to start discussions with an open outcome on a potential merger". (AFP)
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