The FINANCIAL — Commerzbank has successfully completed the full takeover of comdirect bank Aktiengesellschaft (“comdirect”). Yesterday, on 2 November 2020, the merger was entered in the Commercial Register of Commerzbank and therefore became effective. This brings the independence and stock-market listing of comdirect formally to an end. The shares of the remaining comdirect minority shareholders will be transferred to Commerzbank in return for a cash compensation of €12.75 per share within the next few days. Following the merger, Commerzbank and comdirect will initially continue to operate their service offering as before. However, the aim is to merge and expand the…
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