Berlin opposes hostile UniCredit takeover of Commerzbank
Berlin rejects a hostile UniCredit bid for Commerzbank. Officials say the bank is successful alone while noting regulators will oversee any final decisions.
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The federal government of Germany has voiced strong opposition to a potential hostile takeover of Commerzbank AG by the financial group UniCredit S.p.A., which is headquartered in Italy. A spokesperson for the German finance ministry stated on Monday that such a move would be viewed as unacceptable by the administration.
