Reported 3 days ago
The German government has called on UniCredit to divest its stake in Commerzbank after UniCredit increased its holding to 28%, nearing the threshold for a full takeover bid. This move has heightened tensions between the shareholders and prompted criticisms from German unions and politicians, who are concerned about the potential implications for financing small businesses in Germany. UniCredit insists its investment is hedged and still considers a sale of its stake if the situation does not align with its strategic goals.
Source: YAHOO