Commerzbank AG retains mBank - Sales process terminated

Commerzbank Aktiengesellschaft (CZB) 
Commerzbank AG retains mBank - Sales process terminated 
 
11-May-2020 / 14:27 CET/CEST 
Dissemination of a Regulatory Announcement that contains inside information 
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
Polish mBank S.A. ('mBank') will remain part of the Commerzbank Group. 
Commerzbank has decided to retain its majority stake of 69.3% in its Polish 
subsidiary and to terminate the sales process. Under the current market 
conditions which are dominated by the coronavirus crisis, a transaction 
doesn't seem feasible at reasonable terms. The Bank will consistently 
continue to pursue its Commerzbank 5.0 strategy. The Bank's strong capital 
position provides a good basis for this. 
 
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*Disclaimer and Forward-Looking Statement * 
This release contains forward-looking statements. Forward-looking statements 
are statements that are not historical facts. In this release, these 
statements concern inter alia the expected future business of Commerzbank, 
efficiency gains and expected synergies, expected growth prospects and other 
opportunities for an increase in value of Commerzbank as well as expected 
future financial results, restructuring costs and other financial 
developments and information. These forward-looking statements are based on 
the management's current plans, expectations, estimates and projections. 
They are subject to a number of assumptions and involve known and unknown 
risks, uncertainties and other factors that may cause actual results and 
developments to differ materially from any future results and developments 
expressed or implied by such forward-looking statements. Such factors 
include the conditions in the financial markets in Germany, in Europe, in 
the USA and other regions from which Commerzbank derives a substantial 
portion of its revenues and in which Commerzbank holds a substantial portion 
of its assets, the development of asset prices and market volatility, 
especially due to the ongoing European debt crisis, potential defaults of 
borrowers or trading counterparties, the implementation of its strategic 
initiatives to improve its business model, the reliability of its risk 
management policies, procedures and methods, risks arising as a result of 
regulatory change and other risks. Forward-looking statements therefore 
speak only as of the date they are made. Commerzbank has no obligation to 
update or release any revisions to the forward-looking statements contained 
in this release to reflect events or circumstances after the date of this 
release. 
 
Contact: 
Christoph Wortig 
Head of Investor Relations 
Commerzbank AG 
Investor Relations 
Tel.: [phone] - 21331 
e-mail:[e-mail] 
 
ISIN:          DE000CBK1001 
Category Code: MSCU 
TIDM:          CZB 
LEI Code:      851WYGNLUQLFZBSYGB56 
Sequence No.:  62843 
EQS News ID:   1040977 
 
End of Announcement EQS News Service 
 
 

(END) Dow Jones Newswires

May 11, 2020 08:27 ET (12:27 GMT)