When politicians make courses: The Federal government wants the merger of Commerzbank and Deutsche Bank. . The consent of the Berlin stock exchange has ever been.
you talk so. The long-speculated merger talks between Deutsche Bank and the Commerzbank are since the weekend officially. The exchange reaction is first unreservedly positive: The share of the Deutsche Bank increases at the start of trading on Monday rose by 4.0 percent to 8.13 euros and is the biggest winner in the Dax.
Commerzbank is “a good choice”
goes Even more uphill for the shares of Commerzbank: The paper increases by 5.9 percent to 7.57 euros in the height and conquered the top position in the MDax.
for More course information to Commerzbank
Further course information, to Deutsche Bank
For the renowned banking expert Kian Abouhossein of JPMorgan is not surprising. Finally, the Commerzbank was “for any of the attractive German market, the interested Bank is a good choice”.
A bargain? Not necessarily…
a Bank merger sceptical Dieter Hein, fair search
This is the opinion of all the Bank experts do not share, however: As Dieter Hein of the independent Frankfurter analysis home fair search in the Germany radio:
“Both institutions emphasized are the cheapest in Europe. So you can buy a Euro equity for 25 cents. If someone would have thought that would be a bargain, he would have beat a long time ago.”
Demonstrative lack of interest
in fact, there is to think that so many large European institutions have flagged at Commerzbank. Including the French BNP Paribas, Italy’s Unicredit and Switzerland’s UBS.
the negative attitude of The European money houses has a good reason for this, Commerzbank is currently in a deep rebuilding process. As long as the Bank is not yet on a firm Foundation, because like access not a competitor.
don’t Want to actually merge at the moment: Deutsche Bank head Christian Sewing
the Deutsche Bank. Its opposition to a merger expressed by Deutsche Bank head Christian Sewing in every possible Situation. On Sunday, he stressed in a message to employees that a merger was not a foregone conclusion.
The Berlin-based calculus
Only: Berlin wants the merger. Because ten years after the financial crisis, Commerzbank is nationalized. On 8. In January 2009, the government received a 25 percent stake in Commerzbank, but today there are still 15 percent of.
The calculus of the Finance Minister, Olaf Scholz & co. is clear: The Federal government hopes, in the case of a merger of Deutsche Bank and Commerzbank, to a profitable business. And his hope is justified at first glance.
JPMorgan Bank expert Abouhossein, at least, is convinced that for the Commerzbank, an assessment of premium must be paid, a premium to the current share price.
A loss for the taxpayer
so high this bonus can’t be that they like the entry price of the Federal government in Commerzbank In January 2009, Commerzbank shares were trading at about 30 euros, today it is not even a quarter of its value.
for More course information to Commerzbank
thus One thing is certain: Even if the Federal government can urge the Deutsche Bank and the Commerzbank successfully to a merger – for the Federal government, and thus also for the German taxpayers and the commitment of Commerzbank remains a big minus in business.
source: boerse.ard.de
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