Commerzbank AG (CRZBF;CRZBY) is going through difficult times right now. Record low interest rates, rising regulatory costs and costly restructuring. The list of the bank's pains is long. Now it may add to that list, that its plan of fully integrating its separately listed subsidiary Comdirect Bank AG will be more expensive than initially planned. An overwhelming majority of investors rejected the bank's buyout offer. Activist investor Petrus Advisers Ltd., Comdirect's largest minority shareholder, publicly criticized the offer as too low.
Commerzbank headquarter, Frankfurt, Germany; source: Commerzbank AG
While Commerzbank will