Analysis-Germany Talks Tough but Has Limited Room to Halt UniCredit's Advance on Commerzbank
Employees of Commerzbank protest against a potential takeover battle by UniCredit, in front of the Commerzbank headquarters in Frankfurt, Germany, September 24, 2024. The placard reads “Safe workplaces for Commerzbank employees.” REUTERS/Tilmann Blasshofer
Commerzbank has, like some other banks, had a rocky history with big mergers and acquisitions over the years. The bank was ...
FRANKFURT (Reuters) -Commerzbank employees and a prominent labour union on Friday called on the German government to oppose a takeover of the German lender by Italy's UniCredit as workers fear ...
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.
The Italian lender had earlier disclosed a 9% stake in its German peer, reviving speculation that it could pursue a tie-up.
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