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Qatar: Deutsche Bank faces resistance to Commerzbank deal

By  |  March 26, 2019
Qatar: Deutsche Bank faces resistance to Commerzbank deal

A proposed merger between Deutsche Bank and Commerzbank seems to be more and more likely to occur. Yet the deal has faced stiff opposition from different figures within and outside the company, reported Bloomberg.

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    At the beginning of March, for instance, two labor representatives on Deutsche Bank’s board said openly that they do not want the deal to take place, with one of them calling the prospective merger “economic nonsense.”

    Now some major shareholders at the German banking giant have also expressed concerns about a deal with Commerzbank. According to Bloomberg, investors from the Gulf nation of Qatar want some reassurances and compensation if a merger does go ahead.

    Qatari investors plowed money into Deutsche Bank five years ago. According to a January report by Reuters, the Qatari royal family – led by Emir Tamim bin Hamad Al Thani – controls 6.1 percent of the German firm.

    Full Content: Bloomberg

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