Germany and UniCredit discuss Commerzbank stake amid takeover fight
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.