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By John O’Donnell
BERLIN (Reuters) – Germany’s finance minister has underscored to Italy’s Treasury his concerns over any hostile takeover of Commerzbank by Italy’s UniCredit in recent days, according to two people familiar with the matter, in a wider bid by Berlin to halt a hostile takeover.
Lindner outlined his position directly to Italy’s Treasury, in tandem with Germany’s chancellor Olaf Scholz’s public criticism this week, as they sought to put the brakes on a takeover of a bank central to financing the country’s Mittelstand, the medium-sized firms that form the backbone of the economy.