Commerzbank AG shares climbed Tuesday following a report the Frankfurt-based lender has hired financial advisers as it prepares for possible takeover bids. The bank has been working with Goldman Sachs and Rothschild to assess possible M&A scenarios, the Financial Times reported. Shares in Germany second-largest bank rose as much as 4% during morning trade, and have climbed roughly 64% on a year-to-date basis.
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