Reported about 1 month ago
The German government announced plans to decrease its 16.5% stake in Commerzbank AG, seizing the opportunity after a recent share rally. With the bank's shares up approximately 20% this year and trading at over €13, the federal finance agency indicated a positive outlook by starting to exit its investment. Although the government has no immediate plans to sell its entire stake, it joins other European nations in divesting from banks rescued during the financial crisis.
Source: YAHOO