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Commerz equities deal holds lesson for big rivals

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Commerz equities deal holds lesson for big rivals LiamWardProud

Commerzbank on May 11 said it would outsource its equities trading business to Franco-German broker ODDO.

The German lender will retain its equity capital markets unit, which advises corporate clients on initial public offerings and rights issues. ODDO will handle the distribution and trading of those placements with institutional investors.An information sign is seen next to the Commerzbank logo in Frankfurt, Germany, December 3, 2013.

 

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