HVB may raise 2 bn euro cash, restart deal talks-report By Emily Church
LONDON (CBS.MW) -- Germany's HVB bank (DE:802200: news, chart, profile) is mulling raising around 2 billion euro ($2.5 billion) in a share issue ahead of plans for renewed merger talks with its closest rival in size Commerzbank (DE:803200: news, chart, profile), the Financial Times reported Tuesday, citing an HVB executive. A hybrid 500 million euro debt issue is also being prepared. The bulk of the funds are expected to be used to write down stakes in Munich Re and Allianz (AZ: news, chart, profile). A Commerzbank executive told the FT merger talks between the two banks are set to begin. "As soon as the results are out of the way, we're going to start talking again."
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