April 26, 2019 / 10:37 AM / in 3 months

Berlin declines comment on prospect of foreign suitor for Commerzbank

FILE PHOTO: A Commerzbank logo is pictured in Frankfurt, Germany, February 12, 2016. REUTERS/Ralph Orlowski/File Photo

BERLIN (Reuters) - A spokeswoman for the German government declined to comment on whether Berlin would be prepared to see a foreign lender invest in Commerzbank after the failure of talks on a tie-up with Deutsche Bank.

“Commerzbank is a private company, and the government has confidence, as it does with all companies, that the management will pursue a good commercial strategy,” spokeswoman Ulrike Demmer told a regular news conference on Friday.

A Finance Ministry spokeswoman added that the government had only heard about the break-down in talks between Germany’s two largest lenders shortly before the official announcement was made.

Reporting by Thomas Escritt; Editing by Michelle Martin

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