Commerzbank AG retains mBank - Sales process terminated
Commerzbank Aktiengesellschaft (CZB)
Polish mBank S.A. ('mBank') will remain part of the Commerzbank Group. Commerzbank has decided to retain its majority stake of 69.3% in its Polish subsidiary and to terminate the sales process. Under the current market conditions which are dominated by the coronavirus crisis, a transaction doesn't seem feasible at reasonable terms. The Bank will consistently continue to pursue its Commerzbank 5.0 strategy. The Bank's strong capital position provides a good basis for this. **** Contact: Christoph Wortig Head of Investor Relations Commerzbank AG Investor Relations Tel.: +49 69 136 - 21331 e-mail:[email protected] |
ISIN: | DE000CBK1001 |
Category Code: | MSCU |
TIDM: | CZB |
LEI Code: | 851WYGNLUQLFZBSYGB56 |
Sequence No.: | 62843 |
EQS News ID: | 1040977 |
End of Announcement | EQS News Service |
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Commerzbank AG Stock
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As a result the target price of 17 € shows a positive potential of 20.35% compared to the current price of 14.13 € for Commerzbank AG.