Commerzbank Chair Urges Takeover Rules Review
Commerzbank chair Jens Weidmann is calling for a review of German takeover laws. He argues UniCredit secured control without paying an adequate premium to shareholders.
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COMMERZBANK AG supervisory board chair Jens Weidmann urged Germany to overhaul its takeover regulations on Sunday after UNICREDIT SPA secured majority control with low shareholder uptake. The intervention follows an acquisition battle where the Italian buyer gained dominance without paying an appropriate control premium. Lawmakers may now face pressure to re-examine statutory protections for domestic lenders against foreign acquirers from Italy.
