UPDATE 2-Investor Cerberus calls for changes to Commerzbank board, strategy
Cerberus, which has made a
big bet on German banks, has sent a letter to Commerzbank
, saying the activist U.S. investor wanted to name two
new members to the supervisory board and sought a change in
strategy, including more cost cuts.
big bet on German banks, has sent a letter to Commerzbank
, saying the activist U.S. investor wanted to name two
new members to the supervisory board and sought a change in
strategy, including more cost cuts.
Posted by Reuters
