Install

Get the latest updates as we post them — right on your browser

. Last Updated: 07/27/2016

Rebon Bid Delay




FRANKFURT, Germany -- Germany's Federal Banking Supervisory Authority is likely to delay a plan by Dutch-based holding group Rebon BV to double its stake in Commerzbank AG to 20 percent, a German newspaper reported Saturday.


Financial daily Boersen-Zeitung, citing unnamed sources close to the banking watchdog, said it would take a "longer time" for the authority to scrutinize the investor, which surprised Commerzbank on Wednesday by announcing it held a 9.9 percent stake.


Analysts say Rebon, which has close ties to German real estate firm WCM, may seek to turn a quick profit by selling the stake to another investor or a bank seeking Commerzbank, which has long been seen as vulnerable to takeover.