Daily Brief Financials: Meritz Fire & Marine Insurance, Commerzbank AG, Country Garden Holdings Co, NFT and more

• After the market close today, Meritz Fire & Marine Insurance announced that it will cancel 6.57 million treasury shares, representing 5.9% of its outstanding shares. 
• This treasury shares cancellation by Meritz F&M Insurance should have a continued positive impact on its share price. 
• Share cancellation by Meritz F&M Insurance and the need to adjust to higher merger ratio are likely to lead to Meritz F&M Insurance outperforming MFG in the next few days.

• In this insight, we take a look at the names leading the race to become ADDs/DELETEs for the DAX, MDAX, and SDAX Indices.
• Vantage Towers (VTWR GR) is currently undergoing a Tender Offer and this could have interesting index consequences over the next few weeks.
• As it stands, there seems to be one change between MDAX and SDAX and there are multiple names hovering close to the border for DAX, MDAX, and SDAX.

Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.

• Country Garden Holdings Co
• Powerlong Commercial Management Holdings
• Yuexiu Property

• Manchester United are arguably the biggest European football brand on the planet.
• So when they signed a deal in excess of £20m per year with layer 1 blockchain solution Tezos, eyebrows were raised.
• Mainly due to the bad reputation Web3 has within football generally.