Societe Generale not interested in acquiring Commerzbank (translated)
Societe Generale, the French bank, is not interested in acquiring German bank Commerzbank, Handelsblatt reported. The German daily cited Societe Generale Chief Frederic Oudea who said that he is not interested in growth without sufficient synergies, noting that in his opinion the German market for private clients is not very profitable. The German state owned rescue fund Soffin owns 17% in Commerzbank, the report stated.
Source Handelsblatt