Business · Companies · 9 hrs ago

LBBW and Deutsche Bank seek Commerzbank business clients amid takeover prospect

LBBW and Deutsche Bank seek Commerzbank business clients amid takeover prospect

LBBW and Deutsche Bank are courting Commerzbank’s business customers in Germany.

They are seeking to attract companies while UniCredit’s possible takeover of Commerzbank is under discussion.

The prospect of a change in ownership is prompting rival banks to approach those customers.

The competition is using unusual promotions to make its offers stand out.

Commerzbank’s business clients are therefore a focus for rivals before any takeover takes place.

The available information does not say whether UniCredit will complete a takeover or identify what happens next.

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