November 22, 2024
German govt rules out increasing Commerzbank stake again, says lawmaker #IndustryFinance

German govt rules out increasing Commerzbank stake again, says lawmaker #IndustryFinance

CashNews.co

BERLIN (Reuters) – The German government has ruled out increasing its stake in Commerzbank again in the takeover dispute with Italy’s Unicredit during a meeting of the parliamentary finance committee, lawmaker Michael Schrodi said on Wednesday.

“The question is whether this can be ruled out in the long term,” said Schrodi, a lawmaker for the Social Democrats (SPD).

(Reporting by Christian Kraemer, Writing by Miranda Murray, Editing by Madeline Chambers)