HE Sheikh Hamad bin Jassim bin Jabor al-Thani, Qatar’s former Prime Minister and now one of Deutsche Bank’s largest shareholders, said it’s time for European banks to consolidate if they want to keep up with American and Chinese peers.
“Everybody’s waiting to have a better valuation to think about merging, but I believe to merge now is better because the market is being taken by the big banks,” he said. Asked if this logic also applied to Deutsche Bank, he said “mergers are inevitable,” but did not specifically comment on what the German lender should do.
Sheikh Hamad said he sees better prospects for a recovery in hotels than in office or retail space, with vaccinated people quickest to resume their pre-pandemic behaviour. But he’s staying away from SPACs, which he says are “already overdone.”
“Everybody’s waiting to have a better valuation to think about merging, but I believe to merge now is better because the market is being taken by the big banks,” he said. Asked if this logic also applied to Deutsche Bank, he said “mergers are inevitable,” but did not specifically comment on what the German lender should do.
Sheikh Hamad said he sees better prospects for a recovery in hotels than in office or retail space, with vaccinated people quickest to resume their pre-pandemic behaviour. But he’s staying away from SPACs, which he says are “already overdone.”
