Finance
German finance minister criticises UniCredit approach for Commerzbank as opaque
Published by Global Banking and Finance Review
Posted on January 20, 2025
1 min readLast updated: January 27, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on January 20, 2025
1 min readLast updated: January 27, 2026
German Finance Minister Joerg Kukies criticizes UniCredit's opaque tactics in its interest to acquire Commerzbank, highlighting concerns over hostile takeovers.
BERLIN (Reuters) - German Finance Minister Joerg Kukies on Monday said that Berlin is concerned by "intransparent, opaque behaviour" by UniCredit as part of the Italian bank's takeover interest in Commerzbank.
"What we have concerns about in this specific case that you named is the very intransparent, opaque behaviour of the bank that you named, because we are just deeply convinced that hostile takeovers are not a recipe for success when it comes to systemically relevant banks," Kukies told reporters in Brussels.
(Writing by Rachel More; Editing by Ludwig Burger)
German Finance Minister Joerg Kukies expressed concerns about UniCredit's 'intransparent, opaque behaviour' regarding its interest in Commerzbank.
The German government believes that hostile takeovers can lead to negative consequences, particularly when they involve opaque practices.
The article was written by Rachel More and edited by Ludwig Burger.
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