Germany plans to hire adviser for Commerzbank stake strategy

Germany is in the process of hiring a financial adviser to assess its remaining 12% stake in Commerzbank AG. This decision comes after facing criticism for the recent sale of shares to UniCredit SpA.

The government is currently in talks with potential advisers and plans to have them present their proposals. The chosen bank will offer strategic guidance on future divestment strategies, including when and how to sell the stake or the possibility of keeping it.

This move demonstrates the government's commitment to managing its investment in Commerzbank more effectively given market conditions.

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