Wednesday 13 March 2013

Commerzbank News 13.03.13

Commerzbank, logo, German bank

The stock market seemed to have become a little upset with the latest news from Commerzbank. They seem to have bundle together a lot of things which was not appreciated.

A small summary of the issues
  • Needs ~2.5 billions € from shareholders.
  • Pay back part of the governmental shares.
  • Pay Allianz SE 750 million €.
  • Make a reverse split 10:1 (trying to avoid to be a penny share...)
 I will wait. Will have to see how this comes about and what they will offer me. Sometimes one should join, sometimes not and sometimes on should buy more stocks. Future will tell.

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