Friday, August 19, 2005
RBS to buy Commerzbank - report
19/08/2005 Commerzbank: RBS tipped to bid EUR 23 per share - report
Story: The Royal Bank of Scotland is prepared to pay EUR 23 per share for Commerzbank, the German investment and commercial bank, the Swiss Tagesanzeiger reported. The report cites market trader talk that said RBS, the UK banking group, was interested in acquiring Commerzbank for EUR 23 per share. Several large European banks have been linked with possible interest in Commerzbank in recent weeks, among them France's BNP Paribas and Societe Generale, as well as the UK's HSBC, the report added.
Commerzbank is capitalised at EUR 11.7bn.
Source: Tagesanzeiger
Value: €11,700m (Commerzbank market cap)
Story: The Royal Bank of Scotland is prepared to pay EUR 23 per share for Commerzbank, the German investment and commercial bank, the Swiss Tagesanzeiger reported. The report cites market trader talk that said RBS, the UK banking group, was interested in acquiring Commerzbank for EUR 23 per share. Several large European banks have been linked with possible interest in Commerzbank in recent weeks, among them France's BNP Paribas and Societe Generale, as well as the UK's HSBC, the report added.
Commerzbank is capitalised at EUR 11.7bn.
Source: Tagesanzeiger
Value: €11,700m (Commerzbank market cap)
