ING Seeks Acquisition of Commerzbank -Manager Magazin
April 16 2019 - 12:31PM
Dow Jones News
--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)
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