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

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

CashNews.co

© Reuters. FILE PHOTO: A 3-D printed Commerzbank logo is seen near Unicredit credit cards in this illustration taken September 20, 2017. REUTERS/Dado Ruvic/Illustration/File Photo

BERLIN (Reuters) – The German government has ruled out increasing its stake in Commerzbank (ETR:) again in the takeover dispute with Italy’s Unicredit (BIT:) 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).