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STOCKS NEWS EUROPE-Commerzbank seen up on reported loan sale talks

Reuters - UK Focus

Shares in Commerzbank (Xetra: CBK100 - news) are seen rising 1.6 percent to the top of Germany's blue-chip DAX index, according to pre-market data, following a report that the lender is in talks to sell a 4 billion euro ($5.4 billion) portfolio of Spanish property loans.

WirtschaftsWoche weekly says Commerzbank, Germany's second-biggest bank, is in talks with private equity companies Apollo and Cerberus.

"The market cheers any sale of non-performing assets at Commerzbank," a local trader says but adds that there have already been similar reports recently.

Reuters messaging rm://maria.sheahan.thomsonreuters.com@reuters.net ($1 = 0.7415 euros)