Deutsche Bank and Commerzbank "close" to what it would represent for Germany the banking marriage of the century.
The rumors about the possible merger between the two German giants continue. Rumors speak of ongoing negotiations between the German finance minister, Olaf Scholz, and the CEO of Deutsche Bank, Christian Sewin. The two are allegedly examining the feasibility of the plan that could revive the fortunes of Deutsche Bank. The bank, after the numerous financial vicissitudes of recent years, is about to close a nightmarish 2018 from a stock market point of view, a year in which it lost more than 50 percent of its value.
Secondo handesblatt (quoting political sources from Berlin) the Government would even be ready to propose a maneuver to limit the tax impact of companies in the event of marriage.
The German business daily also reports that the Qatari royal family, which today owns 6,1% of Deutsche Bank, could increase its stake up to 10%, a hypothesis which has already been denied, however, by the Qatar Financial Center spokesman.
The combination of the two news sent in red the stock of Deutsche Bank in Frankfurt (-2%), while Commerzbank shares drop 3,5%.
In the meantime, while the hypotheses are being discussed, there are already those who are doing the first calculations. According to the calculations of Credit Suisse, the marriage between Deutsche Bank and Commerzbank would give rise to a giant with 35,3 billion euros in revenues and a Cet 1 ratio of 13,7%. Among the various numbers, however, the one relating to all stands outtotal debt that could reach 1.846 billion euros, of which 1.315 billion from Deutsche Bank and 531 million from Commerzbank.
