Klaus-Peter Müller’s exquisite timing

Euromoney Liquid real estate March 2007 

When Commerzbank announced its intention to acquire Eurohypo in late 2005, the bank’s share price shot up. In part, this was because many equity investors thought Commerzbank had been able to buy Eurohypo for a song.

But even more important was the perception that at a stroke Commerzbank had bought itself a front-row seat at the hottest show in town – the European real estate market.

A year or so after the completion of the acquisition in March 2006, Commerzbank’s CEO, Klaus-Peter Müller, remains convinced that in that respect the timing of the acquisition was exquisite.