Deutsche Bank and Commerzbank terminate merger talks

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Commerzbank reported on a decision taken jointly with Deutsche Bank to terminate negotiations on merging the operations of two German financial institutions, as their specialists, after careful analysis, concluded that “the merger does not meet the interests of shareholders of any bank, as well as other interested parties.” The CEO of Commerzbank, Martin Zielke, stated that there was no certainty that the new bank, formed as a result of the merger, would be able to generate higher and stable profits for shareholders. Commerzbank can now consider proposals from other European banks to merge with it. And the management of Deutsche Bank will have to develop a new reorganization plan, which will contribute to the growth of shareholders' profits and incomes.

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