European bank mergers: Deutsche Bank is ready

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As part of the expected, and increasingly imminent, plan of mergers of European banks, Deutsche Bank said it was ready to participate.

Not only. The Frankfurt-based institute has announced that one merger with another European institution is more likely than an operation conducted with a home institution.

Shortly after the start of trading on Wall Street, and after reaching a session high of 6.687 euros, Deutsche Bank shares changed hands. € 6.597, + 0.32% compared to the previous figure.

Despite an increase of 6.7 percent in the last three months, Deutsche Bank shares are 23.6% less than a year ago.

Deutsche Bank: von Rohr, ready for mergers with European banks

A merger? It is more likely to happen with another European bank than with another German institution.

This was said by the deputy CEO of the German bank, Karl von Rohr, who spoke at a conference. "For us, the Consolidation is most likely at European level ".

And it is precisely in view of an extraordinary transaction that the bank has accelerated the restructuring process that pushed the last line of the income statement of the third quarter to red for 832 million.

Deutsche Bank: capitalization is an obstacle

But, as noted, the performance of Deutsche Bank shares represents an obstacle not just to extraordinary transactions with other European institutions.

At current prices, the entire Deutsche Bank is worth 13.6 billion euros: practically half the value of UniCredit (27.8 billion euros) and about a third of Intesa Sanpaolo (40.9 billion).



Source link
https://www.money.it/Deutsche-Bank-consolidamento-fusioni-banche-europa

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