In Brief: Commerzbank Says It Is Open to Deals

Bloomberg News FRANKFURT - Having failed to merge with Dresdner Bank AG, Commerzbank AG is not ruling out a deal with another bank, chairman and chief executive officer Martin Kohlhaussen said in a television interview.

Mr. Kohlhaussen also said that Commerzbank, Germany's fifth-largest bank has not been approached by ABN Amro Bank NV, HSBC Holdings PLC or any other southern European bank about a merger after talks with Germany's Dresdner Bank AG broke down last week.

"If someone wanted to take over the banks, the management would have to consider it and leave the final decision to shareholders," Mr. Kohlhaussen said, adding that he does not expect that to happen soon.

Commerzbank broke off talks with Dresdner last week after shareholders killed a deal that would have created Europe's second-largest bank. Cobra, an investment fund that controlled rights to 17% of Commerzbank shares until its voting rights were barred by a German regulator, had opposed the plan.

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