Takeover target: A woman walks past a Commerzbank branch in Frankfurt. UniCredit SpA and BNP Paribas SA are said to have been in touch with the German government to indicate interest in the lender.
COMMERZBANK AG may not be your first pick if you’re looking to expand in European banking. Bailed out by the government in 2009, it’s still struggling to make money in Germany’s notoriously cut-throat consumer market.
Yet the Frankfurt-based company, weighed down by bad shipping loans and in the process of cutting thousands of jobs, is suddenly attracting suitors from across Europe and beyond.
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