Commerzbank paves way for full comdirect ownership

January 06, 2020 | Banking

Written by FinTech Alliance

Commerzbank paves way for full comdirect ownership

The German lender will buy a block of comdirect shares from Petrus Advisers for an undisclosed price

In Brief:

  • Commerzbank has increased its holding in comdirect to over 90%.
  • The deal paves the way for full ownership of the online brokerage.
  • Under German law, with more than 90% of comdirect shares, Commerzbank can now squeeze out remaining shareholders.


What does this mean

The decision to take full control is part of a strategic plan that includes a 750 million euro investment in digitalisation and IT infrastructure.

Read more here

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