Commerzbank, Dresdner Close to Merger?

Overdue consolidation may finally be at hand, as media reports suggest a deal in the works between Germany's second and third largest banks

It would be a breakthrough after years of hesitation—Germany's second-largest bank Commerzbank (CBKG.DE) is about to take over its rival Dresdner Bank (AZ), the third-largest, according to media reports. The basics of the transaction have already been ironed out and a decision is expected before the end of August, insiders say.

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