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Deutsche Bank AG (NYSE:DB) is internally looking at potential takeover targets including European lenders Commerzbank (OTCPK:CRZBF) and ABN Amro Bank (OTCPK:AAVMY). Deutsche Bank ADRs fell 2.2%.
Deutsche Bank (DB) has had informal talks with possible advisers to look at potential deals, according to a Bloomberg report on Friday, which cited people familiar with the matter.
The German bank hasn't formally chosen any investment bank for advice on a potential transaction nor has it had any discussions with the European lenders on its possible takeover targets, according to the report. There appear to be significant obstacles to any possible combination and the likelihood of any deal is currently low, the report added.
Spokespeople for Deutsche Bank, Commerzbank, and ABN Amro declined to comment to Bloomberg.
Deutsche Bank (DB) is set to report its Q4 results and hold a conference call on Feb. 2.
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