Commerzbank's China business to focus on merger and acquisitions

Commerzbank's investment banking business in China will focus on advising and financing Chinese companies' accelerating merger-and-acquisition activities in Germany.

Philipp Mohr, Commerzbank's global head for M&A advisories, told China Daily on Wednesday that M&A service is one of the core strengths of the bank's investment banking business in China and that it hopes to increase its involvement in the country's growing investments in Germany.

"Over the past 10 years, we've seen almost every year a certain increase in deal-related activities from Chinese companies," said Mohr.

"The growth of the Chinese economy provides ample reason for Chinese companies to look abroad to strengthen their expertise; in particular, to look for a lot of the technological expertise in Germany."

"We have direct access to the senior management, and shareholders (of companies in Germany). This enables us to facilitate Chinese companies' M&A activities in Germany," said Andries Hendriksen, Commerzbank's head of corporate finance for Asia-Pacific.

The full story is available at Xinhua.

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Tags: mergers and acquisitions, investment banking