Commerzbank considers sale of Polish unit mBank: Handelsblatt
Reuters
Published Sep 20, 2019 08:15AM ET
Commerzbank considers sale of Polish unit mBank: Handelsblatt
BERLIN (Reuters) - Germany's Commerzbank (DE:CBKG) is considering selling its Polish subsidiary mBank as part of a new strategy, daily Handelsblatt reported on Friday.
The decision on the sale is expected to come after a meeting next week, the report said, citing people close to the matter.
Commerzbank, which failed in its attempt to merge with Deutsche Bank (DE:DBKGn) earlier this year, will hold a supervisory board meeting next week discuss the bank's future strategy, people with knowledge of the matter have told Reuters.
The lender is due to hold a press conference on Sept. 27, the company has announced.
Commerzbank declined to comment.
Its 69.3% mBank stake has a market value of more than 2 billion euros ($2.21 billion).
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Written By: Reuters
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