SocGen in lead to buy Commerzbank EMC unit: report


–France’s Societe Generale SA (GLE.FR) has submitted a higher offer than rival bidder Goldman Sachs

GS, -1.77%

for Commerzbank AG’s (CBK.XE) equity markets and commodities division, or EMC, and is now in exclusive talks with the German bank, Handelsblatt said, citing sources familiar with the transaction.

–It may be several more weeks before the details are clarified and the deal is completed, Handelsblatt said, citing a source.

Full story:

Source : MTV