Commerzbank Considering Eurohypo Split, Die Welt Says

Commerzbank AG is considering splitting up its Eurohypo unit to separate the real estate business from public finance, Die Welt reported ahead of publication tomorrow, citing unidentified people on the supervisory board.

The board discussed keeping only core activities within Eurohypo in the hope that the European Union would accept a smaller Eurohypo if a sale is not feasible due to current market conditions, the newspaper said.

Commerzbank still has orders from the EU to sell the unit, an unidentified spokesperson told the newspaper.

(Corrects name of newspaper in headline.)
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