{
Pier Carlo Padoan

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german government surprised by unicredit's swift acquisition of commerzbank stake

Unicredit's investment in Commerzbank sparked significant political reactions in Germany, with the government expressing surprise over the move. A letter from the Federal Ministry of Finance revealed numerous contacts between government officials and Unicredit representatives prior to the stake purchase, including discussions about the bank's existing shares. Despite the lively exchanges, Chancellor Olaf Scholz and Finance Minister Christian Lindner were not involved in these communications, raising questions about the government's decision to sell the entire stake to Unicredit rather than multiple investors.
finews.com
Euro UniCredit S.p.A. Commerzbank AG Kreditanstalt für Wiederaufbau (KfW) ITA DEU Florian Toncar Pier Carlo Padoan Matthias Hauer Jörg Kukies Marion Höllinger Show more
Finance & Economy, News Article
12:47 16.10.2024
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