Vague takeover speculation moved the shares of Deutsche Bank, Commerzbank and ABN Amro on Friday evening.
As the Bloomberg news agency wrote, citing people familiar with the matter, Deutsche Bank has recently increasingly discussed possible takeovers, including the names of European banks such as Deutsche Bank, Commerzbank and ABN Amro. Spokespeople for the banks did not want to comment to Bloomberg.
The shares of Commerzbank and the Dutch institute ABN Amro rose by almost two percent on the Tradegate trading platform in the early evening compared to the Xetra closing and the closing price on Euronext. Deutsche Bank’s share price fell by 0.8 percent.
It is standard practice for companies to constantly examine acquisitions within the industry. In the past there had been speculation about a merger between the two Frankfurt financial institutions Deutsche Bank and Commerzbank. A few years ago, Deutsche Bank and Commerzbank even talked about a merger, but then ended the talks in April 2019.
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FRANKFURT (dpa-AFX)
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