Report

Commerzbank : No material credit impact expected from our scenario of the acquisition of Deutsche Bank’s German retail operations; Recommendations maintained

Acquisition of Deutsche Bank’s German retail operations as favoured scenario in a combination with Commerzbank - >We published a Special Comment on 14 December discussing potential developments for Deutsche Bank (DB) with a focus on an increasingly likely combination with Commerzbank (CMZB) based on scenarios developed by our equity analyst.In his opinion, the most likely deal would be a takeover of DB’s German retail operations by CMZB as it would meet politici...
Underlying
Commerzbank AG

Commerzbank operates through five segments: Private Customers, which comprises the Private Customers, Direct Banking and Commerz Real divisions; Mittelstandsbank, which include the Mittelstand Germany, Corporate Banking & International and Financial Institutions divisions; Central and Eastern Europe, which consists of the universal and regional banking and direct banking activities; Corporates and Markets, which consists the Equity Markets & Commodities, Fixed Income & Currencies, Corporate Finance and Credit Portfolio Management divisions; as well as Non-Core Assets, which includes the operations of CRE Banking Germany, CRE Banking International, Public Finance and Deutsche Schiffsbank.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

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