Deutsche Bank and Commerzbank disagree about the time at which they can talk to shareholders about their merger talks. The Bloomberg news agency reports this based on insiders. The two German banks have been formally in talks since March about a merger that should give the financial sector in the country a stronger foundation.
The CEO of Commerzbank, Martin Zielke, wants to make decisions about the merger as quickly as possible. His counterpart at Deutsche Bank, Christian Sewing, would like to take the time to value a takeover deal before details are brought out. Both banks abstained from an official response.
The German newspaper Die Welt recently wrote that the two top executives disagree about the planning for the takeover talks. The price that Deutsche Bank would pay if it merged with Commerzbank would also be negotiated.