Goldman, Barclays, SocGen Interested in Commerzbank Unit

1/29/18

Wall Street investment bank Goldman Sachs Group Inc, Britain’s Barclays Plc and French lender Societe Generale SA are interested in buying the Equities, Markets and Commodities (EMC) division of Germany’s Commerzbank AG, Handelsblatt reported on Thursday.

The EMC unit includes Commerzbank’s exchange traded funds (ETF) portfolio which many banks have expressed interest in buying, the German newspaper reported, citing people familiar with the matter. (bit.ly/2n8QwnI)

However, Commerzbank Chief Executive Martin Zielke wanted to sell the EMC division – which also includes equity derivatives and other market making businesses – as a single unit, according to the report.

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