Commerzbank AG — M&A Activity 2009

Jul 31, 2009

News Details

UK Regulatory | 31 July 2009 16:38

Commerzbank transfers Reuschel & Co. Privatbankiers to Conrad Hinrich

Commerzbank AG / Acquisition/Mergers & Acquisitions

Release of a UK Regulatory Announcement, transmitted by DGAP - a company of
EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Commerzbank transfers Reuschel & Co. Privatbankiers to Conrad Hinrich
Donner Bank

Commerzbank is transferring Reuschel & Co. Kommanditgesellschaft to Conrad
Hinrich Donner Bank AG. The relevant contracts have now been signed. The
sale is still subject to the usual approval from the anti-trust and
supervisory authorities. It was agreed not to dislose neither purchase
price nor further details.

'As we announced with the 'Roadmap 2012' in May, we will in future focus
even further on our core business,' said Achim Kassow, responsible for the
private customer business in the Board of Managing Directors of
Commerzbank. 'Reuschel is valuable and occupies a prime position among
German regional private banks. That is why we were soon able to find a
solution which takes into consideration the interests of all parties
involved.' The transaction was also subject of the agreements made with the
EU Commission regarding the participation in the Special Fund Financial
Market Stabilization (SoFFin).

'We have been actively involved in the process from the beginning, which is
why we are especially pleased with the outcome. The new setup allows us to
further expand our business with affluent private and corporate clients',
said Patrick Tessmann, Managing Partner of Reuschel & Co.
Kommanditgesellschaft.

The 74% share in the Austrian Privatinvest Bank AG in Salzburg currently
held by Reuschel will for now stay with Commerzbank, but is also intended
to be sold. As of December 31, 2008 Reuschel & Co. Kommanditgesellschaft
had 425 employees and reported an annual surplus of EUR 8.8 million.

Contact:

Reiner Roßmann Tel.: +49 69 136 4 66 46
Simone Fuchs Tel.: +49 69 136 4 49 10

Contact:
Commerzbank AG
Group Communications
Tel.: +49 69 136 - 22830
mediarelations@commerzbank.com

31.07.2009 Financial News transmitted by DGAP

Language: English
Issuer: Commerzbank AG
Kaiserplatz
60261 Frankfurt am Main
Deutschland
Phone: +49 (069) 136 20
Fax: -
E-mail: ir@commerzbank.com
Internet: www.commerzbank.de
ISIN: DE0008032004
Indices: DAX, CDAX, HDAX, PRIMEALL
Listed: Regulierter Markt in Berlin, Frankfurt (Prime
Standard), München, Hannover, Düsseldorf, Hamburg,
Stuttgart; Terminbörse EUREX; Foreign Exchange(s)
London, SWX
Category Code: ACQ
LSE Ticker: CZB
Sequence Number: 225
Time of Receipt: Jul 31, 2009 16:35:27

End of News DGAP News-Service

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