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CBK Commerzbank AG

14.17
0.045 (0.32%)
26 Apr 2024 - Closed
Realtime Data
Share Name Share Symbol Market Type
Commerzbank AG TG:CBK Tradegate Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.045 0.32% 14.17 14.145 14.19 14.305 14.10 14.145 846,875 22:50:04

Commerzbank's mBank Might Draw Bid From Poland's Biggest Bank --Reuters

21/10/2019 5:15pm

Dow Jones News


Commerzbank (TG:CBK)
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--The chief executive of Poland's Powszechna Kasa Oszczednosci Bank Polski SA (PKO.WA) said the bank would consider bidding for Commerzbank AG's (CRZBY, CBK.XE) Polish unit mBank (MBK.WA) if it were ever put up for sale, Reuters reported Monday.

--Zbigniew Jagiello, CEO of the state-run Polish bank, said if Commerzbank's mBank unit were put on the block, "then it is PKO BP's responsibility to analyze these assets," according to the report.

--He also said looking at the assets "does not automatically mean a desire to buy," the report said.

--Commerzbank is speaking with potential buyers of its Polish unit, and a formal sale process might take place in the future, according to the report.

 

Full story: https://www.reuters.com/article/us-mbank-m-a-pko-bp/polands-biggest-bank-pko-will-consider-bid-for-commerzbanks-mbank-ceo-idUSKBN1X018Q

 

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

October 21, 2019 12:00 ET (16:00 GMT)

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

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