The German government holds a 15% stake in and is the largest single owner of the Commerzbank!
Political interference in mergers & acquisitions is in many cases not advisable!
Maybe Italian Prime Minister Georgia Meloni should have an adult conversation with Scholz!
"German Chancellor Olaf Scholz on Monday said "unfriendly attacks, hostile takeovers are not a good thing for banks", replying to a question on Italian lender UniCredit raising its stake in German bank Commerzbank on the sidelines of a visit to NEw York. The chancellor said the German government had made its position clear: "We believe that it is not adequate in Europe and in Germany to proceed with unfriendly methods, without any spirit of cooperation and without agreeing on anything, to participate in a company", he concluded. (ANSA). ..."
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