Banks: Klingbeil insists on conditions for Commerzbank takeover
A takeover of Commerzbank is becoming more likely. Now Unicredit CEO Orcel had an important appointment in the Berlin government district.
German Finance Minister Lars Klingbeil has set conditions for a potential takeover of Commerzbank by Italian bank Unicredit. He wants Commerzbank to remain a listed company with its headquarters in Frankfurt, continuing its strong medium-sized business in Germany and internationally. Klingbeil also emphasized the bank's important role in financing the German economy and its employees.
Unicredit's CEO Andrea Orcel described their first meeting as constructive, with further talks to follow. The German government holds 12% of Commerzbank, making it the second-largest shareholder.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
