Commerzbank in talks to buy Petrus Advisers stake in Comdirect - source
Reuters
Published Dec 30, 2019 15:20
Commerzbank in talks to buy Petrus Advisers stake in Comdirect - source
FRANKFURT (Reuters) - Commerzbank (DE:CBKG) is in talks with Petrus Advisers to buy its stake in Comdirect (DE:CDBG), a person with knowledge of the matter said on Monday.
Commerzbank, which owns more than 82% of Comdirect, is in the process of taking over the entire online bank.
Petrus said in December that it owns 7.5% in Comdirect.
A stake of 90% under German law would allow Commerzbank to squeeze out remaining shareholders.
Bloomberg first reported the talks.
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Written By: Reuters
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