Commerzbank Aktiengesellschaft / Key word(s): Miscellaneous
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.
Head of Investor Relations
Tel.: +49 69 136 - 21331
11-May-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|60311 Frankfurt am Main|
|Phone:||+49 (069) 136 20|
|Indices:||MDAX, CDAX, HDAX, PRIMEALL|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; London, SIX|
|EQS News ID:||1040939|
|End of Announcement||DGAP News Service|
1040939 11-May-2020 CET/CEST