Deals

BNP Paribas Wouldn't Be Interested in Commerzbank, Chairman Says

Jean Lemierre, chairman at BNP Paribas, has no interest in pursuing a merger with Commerzbank.Source: Bloomberg)

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By Fabio Benedetti Valentini and Guy Johnson

May 20, 2019 at 2:58 PM UTC

This article is for subscribers only.

BNP Paribas SA wouldn’t be interested in buying Germany’s Commerzbank AG if it was asked to look into it, Chairman Jean Lemierre said.

While there’s a need for Europe’s banking sector to restructure, cross-border consolidation remains difficult in the region, Lemierre, 68, said in a Bloomberg Television interview from London Monday.