reuters.com

Germany and UniCredit discuss Commerzbank stake amid takeover fight

UniCredit logoUniCredit
Sig5.40Sen+2.20Env0.00Soc0.00Gov-1.60
Commerzbank logoCommerzbank
Sig4.66Sen+0.72Env0.00Soc0.00Gov-3.58

German officials and UniCredit bankers held talks over Commerzbank amid UniCredit’s takeover push. CEO Knof rebuffed UniCredit’s early overtures and Germany later said it would not sell more shares. Germany formally rejected UniCredit’s offer, while UniCredit announced it secured 47.6% of Commerzbank shares, as the bank works to stay independent.

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