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Germany: Deutsche Bank reportedly to raise up to $11 billion to buy Commerzbank

By  |  March 28, 2019

In a bid to end discussions about whether Deutsche Bank has sufficient capital to pull off the potential merger the bank is looking to bring in between €3 billion and €10 billion, according to the Financial Times.

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    Deutsche Bank strongly denied the reports. “To be clear, there have been no discussions in the Management Board of Deutsche Bank about a capital increase in relation to the potential Commerzbank transaction. Any speculation of this kind is wrong. Furthermore, we have not even decided whether to do a transaction with Commerzbank at all,” the bank said in an emailed statement.

    The capital raising is designed to prevent the bank having to return to markets following the deal, if successful. Deutsche’s current market capitalization sits at around €17 billion, meaning the raise would be a huge undertaking for the German lender.

    Full Content: Financial Times

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