Bund and Cerberus exchanged ideas before Zielke’s resignation

Commerzbank headquarters in Frankfurt

Many employees are annoyed by the fact that the federal government does not say exactly what it plans to do with the Frankfurt money house.


(Photo: dpa)

Frankfurt The federal government and the financial investor Cerberus have recently had a lot to talk about. The two largest shareholders in Commerzbank discussed intensively before the surprising announcements by CEO Martin Zielke and chief controller Stefan Schmittmann at the beginning of July.

This emerges from a response from the Ministry of Finance to a request from the FDP member of the Bundestag Frank Schäffler, which is available to the Handelsblatt. There have been a total of six talks between Finance Secretary Jörg Kukies and Cerberus representatives in the past twelve months. The last two meetings on June 8th and 17th are particularly explosive.

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