The German government assesses the possibility of a merger between Commerzbank and its Dutch counterpart ING. According to policy makers in Berlin, the two banks could together form a European heavyweight. The Bloomberg news agency writes this based on sources.

The German State Secretary for Finance Jörg Kukies is said to have discussed the possible merger of the banks with the Dutch Finance Minister Wopke Hoekstra. Among other things, the intention was to discuss the location of the merged bank’s head office in Germany.

Germany holds approximately 15.5 percent of the Commerzbank shares, making it the bank’s largest shareholder. Earlier, a merger attempt between Commerzbank and Deutsche Bank collapsed. In addition to ING, the Italian UniCredit is also mentioned as a potential acquisition candidate for Commerzbank.

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