Italy Yuxin Bank hinted at the intention to acquire German commercial banks

Simi Bank (UniCredit) (CRDI.MI) recently told the German government that it intends to merge with the country's commercial bank (Commerzbank) (CBKG.DE). The merger of the two may be the birth of one of the largest banks in Europe.

Yuxin Bank is Italy's largest bank and is looking for potential partners in Europe. According to informed sources, the bank hinted that interested in doing a full stock acquisition transaction, after the completion of the rectification work in the next two years can be carried out.

The German government rescued during the financial crisis, holding a 15% stake in German commercial banks. Yuxin Bank this position for the M & A transaction paving the way. If the transaction can be completed, it may be one of Europe's largest cross-border M & A transactions.

Reuters reported that the news, the German commercial bank shares in the Frankfurt market rose more than 3% in the Milan market, Yukun Bank shares fell by nearly 3%.

Yexin's contact with the German government is still in its infancy, and a source familiar with the situation said there were other consortiums interested in German commercial banks.

Yuxin Bank spokesman did not comment, but pointed out that its focus on revitalizing the business. German commercial banks have not commented.