Commerzbank defends itself against the Italian takeover of UniCredit.But even if it succeeds, the problem will not be solved.
In Germany, there is growing opposition to the takeover of Commerzbank, the second largest player on the local market, by UniCredit Italia, the second bank in Italy in terms of market value. Prime Minister Olaf Scholz made this statement on Monday. – Hostile attacks and hostile takeovers are not good for banks, hence the attitude of the German government – he said, quoted by Reuters. A day later, he quoted Finance Minister Christian Lindner: – UniCredit’s behavior worries many shareholders in Germany and that is why the government has not decided to sell further shares.
Defense efforts
