Commerzbank, the second largest German bank, invited financial advisers to explore possible options for a potential merger or acquisition deal, the Financial Times reported. Commerzbank consultants will be investment bank Goldman Sachs and financial company Rothschild & Co, controlled by the Rothschild family.
UniCredit SpA, BNP Paribas SA and Credit Agricole are among banks that are said to have expressed interest in the Frankfurt-based lender. Commerzbank has a market cap of €14.66 billion at the moment.
Any buyer or an applicant for a merger with Commerzbank will have to obtain the approval of the German government, which provided financial support to this bank during the crisis and currently owns a 15-percent share in it.