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Merkel on Commerzbank - German government has no fixed position on mergers

Published 16/05/2019, 13:45
© Reuters. FILE PHOTO: German Chancellor Merkel looks on as she attends a news conference at the Chancellery in Berlin
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BERLIN (Reuters) - Chancellor Angela Merkel, when asked about Commerzbank (DE:CBKG), said on Thursday that the German government has no fixed position on mergers.

Asked if she was in favour of Dutch bank ING taking a stake in Commerzbank, she said: "Regarding the banking landscape, those are private sector decisions."

"There is no precedent from the German government for anything that develops in this area," Merkel told a news conference with Dutch Prime Minister Mark Rutte, adding that there were no bans on international cooperation.

© Reuters. FILE PHOTO: German Chancellor Merkel looks on as she attends a news conference at the Chancellery in Berlin

The organisation that defends shareholder interests in the Netherlands on Wednesday called on ING Groep (AS:INGA) to clarify whether it is interested in acquiring German rival Commerzbank.

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