May 11, 2020 / 12:34 PM / 14 days ago

Commerzbank, in u-turn, opts to hold on to mBank after all

FRANKFURT, May 11 (Reuters) - In an expected u-turn, German lender Commerzbank said on Monday that it would not sell its Polish subsidiary mBank, citing poor market conditions.

Commerzbank has decided to retain its stake “and to terminate the sales process”, the lender said. (Reporting by Tom Sims; editing by Thomas Seythal)

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