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Commerzbank AG (CBKG.DE)

CBKG.DE on Xetra

5.13EUR
21 Jan 2020
Change (% chg)

€-0.03 (-0.54%)
Prev Close
€5.16
Open
€5.13
Day's High
€5.22
Day's Low
€5.06
Volume
7,190,670
Avg. Vol
8,910,957
52-wk High
€8.26
52-wk Low
€4.66

Latest Key Developments (Source: Significant Developments)

Comdirect Bank: CEO Transfers To Commerzbank
Tuesday, 17 Dec 2019 

Dec 17 (Reuters) - COMDIRECT BANK AG ::COMDIRECT BANK AG: COMDIRECT BANK AG CEO TRANSFERS TO COMMERZBANK AG.ARNO WALTER RESIGNED FROM HIS POSITION AS CEO OF COMDIRECT BANK AG..WALTER INTENDS TO TERMINATE HIS CONTRACT WITH COMDIRECT BANK AG AHEAD OF SCHEDULE AT END OF THIS YEAR.WALTER TO TRANSFER TO COMMERZBANK AG AS A MEMBER OF DIVISIONAL BOARD RESPONSIBLE FOR WEALTH MANAGEMENT & CORPORATE CLIENTS.  Full Article

Commerzbank: Acquisition Offer Deadline For Comdirect Has Expired
Wednesday, 11 Dec 2019 

Dec 11 (Reuters) - COMMERZBANK AG ::COMMERZBANK ACQUISITION OFFER DEADLINE FOR COMDIRECT HAS EXPIRED.BY END OF ACCEPTANCE DEADLINE, COMDIRECT SHAREHOLDERS HAD TENDERED A TOTAL OF 457,343 SHARES.INCLUDING COMDIRECT SHARES ALREADY HELD BY COMMERZBANK, THIS SHAREHOLDING CORRESPONDS TO A PROPORTION OF APPROXIMATELY 82.63 PER CENT OF ALL SHARES.THIS MEANS THAT OFFER CONDITION OF A MINIMUM ACCEPTANCE THRESHOLD OF 90 PER CENT HAS NOT BEEN MET SO THAT ACQUISITION OFFER IS NOT EXECUTED.COMDIRECT SHAREHOLDERS WILL THEREFORE INITIALLY RETAIN THEIR SHARES.INTEGRATION OF COMDIRECT WILL NOW TAKE PLACE BY MEANS OF A DIRECT MERGER INTO COMMERZBANK.FOLLOWING CONSENT GRANTED BY GENERAL MEETINGS OF BOTH COMPANIES, SHAREHOLDERS OF COMDIRECT WILL RECEIVE COMMERZBANK SHARES IN EXCHANGE FOR THEIR SHARES.EXCHANGE RATIO WILL BE DETERMINED ON BASIS OF EXPERT REPORTS ON VALUE OF COMDIRECT AND COMMERZBANK.  Full Article

BaFin's Hufeld Says He Expects Bank Merger Activity To Pick Up In 3 Years Quiet Before That
Monday, 18 Nov 2019 

Nov 18 (Reuters) - Commerzbank AG ::BAFIN'S HUFELD SAYS HE EXPECTS BANK MERGER ACTIVITY TO PICK UP IN 3 YEARS; QUIET BEFORE THAT.  Full Article

Commerzbank Welcomes Comdirect's Statement On Voluntary Public Acquisition Offer
Wednesday, 13 Nov 2019 

Nov 13 (Reuters) - COMMERZBANK AG ::COMDIRECT CONFIRMS APPROPRIATENESS OF ACQUISITION OFFER OF COMMERZBANK.OFFER PRICE OF EUR11.44 PER SHARE UNANIMOUSLY ASSESSED AS APPROPRIATE.WELCOMES JOINT STATEMENT BY BOARD OF MANAGING DIRECTORS AND SUPERVISORY BOARD OF COMDIRECT RELATING TO VOLUNTARY PUBLIC ACQUISITION OFFER TO COMDIRECT SHAREHOLDERS PUBLISHED ON 30 OCTOBER 2019.  Full Article

Commerzbank Welcomes German Finance Minister’s Comments On Banking Union
Wednesday, 6 Nov 2019 

Nov 6 (Reuters) - Commerzbank AG CEO Martin Zielke::.  Full Article

Commerzbank To Finance Comdirect Offer With Existing Liquidity - Offer Document
Wednesday, 30 Oct 2019 

Oct 30 (Reuters) - Commerzbank AG ::DGAP-NEWS: COMMERZBANK PUBLISHES VOLUNTARY PUBLIC ACQUISITION OFFER FOR COMDIRECT.COMMERZBANK OFFERS SHAREHOLDERS OF COMDIRECT EUR 11.44 PER SHARE IN CASH. THIS CORRESPONDS TO A 25 PERCENT PREMIUM ON XETRA CLOSING SHARE PRICE OF COMDIRECT ON 19 SEPTEMBER 2019.ACQUISITION OFFER IS VALID UNTIL 6 DECEMBER 2019 AND COMPLETION IS SUBJECT TO A MINIMUM ACCEPTANCE THRESHOLD OF 90 PER CENT.COMDIRECT IS TO UNDERGO A MERGER INTO COMMERZBANK - COMDIRECT CUSTOMERS WILL CONTINUE TO BENEFIT FROM PROVEN PRODUCT AND SERVICE QUALITY.ONCE ACCEPTANCE THRESHOLD IS REACHED, IT WOULD THEN BE POSSIBLE TO INTEGRATE COMDIRECT INTO COMMERZBANK BY WAY OF A SQUEEZE-OUT UNDER MERGER LAW.THIS IS COMMERZBANK'S PREFERRED OPTION. IF THIS IS NOT SUCCESSFUL, COMMERZBANK INTENDS TO TAKE STEPS REQUIRED FOR A DIRECT MERGER OF COMDIRECT INTO COMMERZBANK.COMMERZBANK SAYS EXPECTS A MAXIMUM OF 5 MILLION EUROS IN TRANSACTION COSTS.COMMERZBANK SAYS TO PROVIDE FUNDS OF 291 MILLION EUR TO FINANCE OFFER USING FREE LIQUIDITY THAT IS CURRENTLY INVESTED WITH BUNDESBANK AND OTHER CENTRAL BANKS.  Full Article

Commerzbank CFO Says A Slight Revenue Dip In 2020 Is Something I Wouldn't Exclude
Friday, 27 Sep 2019 

Sept 27 (Reuters) - Commerzbank AG ::COMMERZBANK CFO SAYS A SLIGHT REVENUE DIP IN 2020 IS SOMETHING I WOULDN'T EXCLUDE.COMMERZBANK CEO SAYS BANK CAN SURVIVE WITH A 4% ROTE.  Full Article

Commerzbank CEO Says Revenue Growth Is Challenging
Friday, 27 Sep 2019 

Sept 27 (Reuters) - Commerzbank AG ::COMMERZBANK CEO SAYS REVENUE GROWTH IS CHALLENGING.COMMERZBANK CEO SAYS WE WILL TACKLE THE REVENUE QUALITY OF OUR CUSTOMERS AND STRIKE A BALANCE BETWEEN GROWTH AND THE BANK'S CAPITAL REQUIREMENTS.COMMERZBANK CEO SAYS AIMS TO ACHIEVE 20% INCREASE IN LOAN AND SECURITIES VOLUMES BY 2023.COMMERZBANK CFO SAYS WE EXPECT A ROTE LEVEL OF 2% TO 4% IN THE NEXT THREE YEARS.COMMERZBANK CFO SAYS THE MOST RECENT ECB DECISION WILL NOT MAKE OUR LIVES EASIER.COMMERZBANK CFO SAYS ECB TIERING WILL HELP A BIT BUT DOES NOT COMPENSATE FOR THE OVERALL EFFECT.  Full Article

Comdirect Bank says Commerzbank announces decision to launch acquisition offer to shareholders of Comdirect
Friday, 27 Sep 2019 

Sept 26 (Reuters) - Comdirect Bank AG ::DGAP-ADHOC: COMDIRECT BANK AG: COMMERZBANK ANNOUNCES ITS DECISION TO LAUNCH A PUBLIC ACQUISITION OFFER (ERWERBSANGEBOT) TO THE SHAREHOLDERS OF COMDIRECT BANK AG.COMMERZBANK INLANDSBANKEN DECIDED TO LAUNCH ACQUISITION OFFER TO SHAREHOLDERS OF COMDIRECT TO BUY BEARER SHARES IN COMDIRECT WITH NO PAR VALUE.ACQUISITION OFFER WILL BE SUBJECT TO COMPLETION CONDITION OF A MINIMUM ACCEPTANCE THRESHOLD OF 90%.EACH SHARE REPRESENTS PRO-RATA AMOUNT OF SHARE CAPITAL OF EUR 1 AGAINST PAYMENT OF CASH CONSIDERATION OF EUR 11.44/COMDIRECT SHARE.COMMERZBANK AIMING TO INTEGRATE COMDIRECT INTO COMMERZBANK BY WAY OF SQUEEZE-OUT UNDER MERGER LAW ONCE ACCEPTANCE THRESHOLD IS REACHED.IF STEP WAS NOT SUCCESSFUL, COMMERZBANK WOULD INTEND TO TAKE STEPS REQUIRED FOR A DIRECT MERGER OF COMDIRECT INTO COMMERZBANK.  Full Article

Commerzbank AG Bank Is Therefore No Longer Anticipating A Rise In Underlying Revenues For Year 2019
Thursday, 26 Sep 2019 

Sept 26 (Reuters) - Commerzbank AG ::INVESTMENT CAPACITY TO BE STRENGTHENED BY PLANNED DISPOSAL OF MBANK.GROUP COST BASE TO COME DOWN BY EUR600 MILLION BY 2023.IN CORPORATE CLIENTS SEGMENT, BANK WILL FURTHER STRENGTHEN ITS MARKET PRESENCE WITH MITTELSTAND-CLIENTS.FURTHER DIGITALISATION AND INCREASED PLATFORM EFFICIENCY IS EXPECTED TO CREATE GREATER SCOPE FOR SALES AND ADVISORY.IN GERMANY ALONE, BANK INTENDS TO INCREASE ITS DISTRIBUTION CAPABILITY BY ADDING MORE THAN 150 NEW STAFF.BY END OF 2023, BANK WANTS TO WIN MORE THAN 1 MILLION NEW CUSTOMERS IN GERMANY.COMDIRECT OFFER PRICE IS EUR11.44 PER SHARE IN CASH.THIS CORRESPONDS TO A PREMIUM OF 25 PER CENT ON UNAFFECTED XETRA CLOSING PRICE OF COMDIRECT SHARE ON 19 SEPTEMBER 2019.BANK IS THEREFORE NO LONGER ANTICIPATING A RISE IN UNDERLYING REVENUES FOR YEAR 2019.  Full Article

Erste Group will not bid for Commerzbank's Polish unit mBank

FRANKFURT, Jan 16 Austria's Erste Group has decided not to submit a nonbinding offer for Commerzbank's Polish unit mBank, a spokeswoman for the lender said on Thursday.