Marriage? Commerzbank Just Isn't Ready

But as other Eurobanks merge, a deal may be inevitable

In the mating dance among German banks, Commerzbank wants nothing more than to remain a wallflower. Long the respected No.3 after Deutsche Bank and Dresdner Bank, Commerz will slip to fifth place later this year because of mergers among its peers. Although it looks like a natural takeover target, and rumors routinely fire up its stock price, management insists Commerz can go it alone. "While I feel honored that everyone thinks we are attractive, I don't see any need to merge," says Commerzbank Chief Executive Martin Kohlhaussen.

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