The Italian Unicredit (UCG) banking group and the Dutch banking group ING (ING) are considering bidding for the German Commerzbank (CBK). The news, according to Reuters, have been intensive, although the companies do not comment the situation.
According to Reuters, the Italian Unicredit has engaged with investment banker Lazard and JP Morgan for possible takeover. The Italian bank already owns the German lender HVB, based in Munich, and it has been estimated before that the integration of the both banks in Germany would be in the interest of Unicredit.
Commerzbank, of which the German Government owns 15 %, has 13 million customers. The other owners are for example Blackrock (4%), Vanguard (3,1%), Capital Group Companies (2,9%) and the Bank of Norway (2,5%).