Deutsche Bank Said to Face Qatari Resistance to Bank Merger - Bloomberg

Deutsche Bank Said to Face Qatari Resistance to Bank Merger - Bloomberg:

Deutsche Bank AG is facing resistance from top Qatari shareholders to its merger plans with Commerzbank AG, four people familiar with the matter said.

The investors are concerned that a deal would dilute their holdings if Deutsche Bank is forced to raise equity in a share sale to help fund the deal, the people said, asking not to be identified because the matter is private. The Persian Gulf nation is also seeking to negotiate other concessions before it backs the deal, the people said. 


Deutsche Bank shares have slumped by about two thirds since Qatar first invested about five years ago. The discontent among key shareholders adds to widening opposition to the deal, which Germany sees as a way to ensure financing to the country’s export-oriented economy during a downturn.