German Chancellor Scholz calls UniCredit’s moves on Commerzbank ‘unfriendly’
The UniCredit-Commerzbank takeover saga not only highlights the clash between cross-border consolidation and national interests, with German political opposition blocking UniCredit’s bid, but it is also risking diplomatic relations between Germany and Italy.
Stefan Wittmann, who is also a senior official at German trade union Verdi, told CNBC’s Annette Weisbach that “we certainly hope we can avoid” a hostile takeover by the Italian bank.
15hOpinion
Swaps, collars, Citi Bike, biblically responsible investing and texting regulators about work.
German Chancellor Olaf Scholz on Monday issued a sharp warning to UniCredit to refrain from "unfriendly" acts after the Italian bank revealed it had significantly increased its stake in Germany's ...
The move effectively makes UniCredit the largest shareholder of Commerzbank ahead of the German state, which has shown no ...
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