June 7, 2018 / 8:29 PM / 6 months ago

Deutsche Bank says chairman sees no need to bring up Commerzbank deal

Deutsche Bank's Supervisory Board Chairman Paul Achleitner gestures as he addresses the audience during the bank's annual meeting in Frankfurt, Germany, May 24, 2018. REUTERS/Kai Pfaffenbach

FRANKFURT (Reuters) - Deutsche Bank (DBKGn.DE) on Thursday said its chairman is constantly asked about the potential for a tie-up with peer Commerzbank CBKGn.DE but downplayed the idea that a deal could materialise in the short-term.

The remarks came in response to a report by Bloomberg, saying Deutsche Bank Supervisory Board Chairman Paul Achleitner had consulted top shareholders and German government officials about a Commerzbank deal.

“The Chairman of Deutsche Bank is asked constantly about this matter. His answer is always the same: ‘All the pro and contra arguments can be read in analyst reports and the media’,” a spokesman for the bank said in written comments.

“He sees no reason to actively raise this issue.”

Reporting by Andreas Framke; Writing by Edward Taylor; Editing by Christoph Steitz

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