Deutsche Bank AG (BSE:DBK)

lei 77.03 -2.24 (-2.83%) Market Cap: 154.21 Bil Enterprise Value: -38.93 Bil PE Ratio: 5.22 PB Ratio: 0.41 GF Score: 78/100

Commerzbank AG and Deutsche Bank Discontinue Discussions About Merger Transcript

Apr 25, 2019 / 11:00AM GMT

Release Date Price: lei35.65 (-1.14%)

Transcript

Operator

Ladies and gentlemen, welcome to the Commerzbank conference call. (Operator Instructions) Let me now hand the floor over to Martin Zielke.

Martin Zielke

Commerzbank AG - Chairman of Board of MDs

Yes. Thank you. Ladies and gentlemen, welcome to our conference call following the release of our ad hoc in the morning. Thanks for joining this call at short notice.

First of all, I want to say a few words on the last weeks. We had very professional discussions with Deutsche. All meetings were conducted in a constructive atmosphere. The team from both banks have done an excellent job working together closely. They clearly came up with the facts needed to make a decision. I explicitly want to thank everybody involved on both sides. So now let me highlight the key messages of today.

Following the intensive talks with Deutsche, we have jointly decided to end the discussions on a possible merger. When we started our discussions in March, our clear aim was to find out if we can accelerate the implementation of our strategy Commerzbank 4.0 and benefit

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