Commerzbank in talks to buy Petrus Advisers stake in Comdirect: source

Industry:    2019-12-31

Commerzbank is in talks with Petrus Advisers to buy its stake in Comdirect, a person with knowledge of the matter said on Monday.

Commerzbank, which owns more than 82% of Comdirect, is in the process of taking over the entire online bank.

Petrus said in December that it owns 7.5% in Comdirect.

A stake of 90% under German law would allow Commerzbank to squeeze out remaining shareholders.

Bloomberg first reported the talks.

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