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Commerzbank Enters Key Weekend in Deutsche Bank Talks

  • Bank said to near decision on whether to intensify deal talks
  • A breakdown could reignite foreign interest in Commerzbank

Commerzbank AG is nearing a decision as early as this weekend on whether to deepen merger talks with Deutsche Bank AG or break them off, people briefed on the matter said.

The two banks are leaning toward intensifying talks and are close to a consensus on the rough outlines of a potential deal, the people said, asking not to be identified in disclosing internal discussions. Deutsche Bank Chairman Paul Achleitner previously promised an update by April 26. No decision has been reached and the talks could still fail.