ING Seeks Acquisition of Commerzbank -Manager Magazin

Date : 04/16/2019 @ 4:31PM
Source : Dow Jones News
Stock : ING Groep NV (INGA)
Quote : 10.556  0.002 (0.02%) @ 1:14PM

ING Seeks Acquisition of Commerzbank -Manager Magazin

ING Groep NV (EU:INGA)
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--Dutch lender ING is interested in buying Germany's Commerzbank, German business publication Manager Magazin reports, citing unnamed sources.

--According to the magazine, ING CEO Ralph Hamers approached the German bank's Chief Executive Martin Zielke, as well as the German government, seeking to start talks about a potential acquisition.

--Mr. Zielke refused to start formal negotiations; however, but didn't completely break off contact, according to the report.

--Commerzbank shares closed 3.1% higher.

 

Full story in German: https://bit.ly/2XaRPD4

 

Write to Barcelona editors at barcelonaeditors@dowjones.com

 

(END) Dow Jones Newswires

April 16, 2019 12:16 ET (16:16 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.


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