Commerzbank’s deal with Société Générale to sell its equity markets and commodities business (EMC) marks an important step in its strategic plan after a tough few months for the bank’s shares. The German lender lost more than a third of its value between February and early July, when it announced the EMC deal; by the end of July it had risen about 3%.
The talk in Frankfurt is still whether or not this pillar of Germany’s financial world – its second biggest bank – can maintain a place in the blue-chip DAX index of the top 30 German stocks.
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