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    Home > Headlines > Berlin still opposes UniCredit's Commerzbank overture after share deal, says finance ministry
    Headlines

    Berlin still opposes UniCredit's Commerzbank overture after share deal, says finance ministry

    Published by Global Banking & Finance Review®

    Posted on July 9, 2025

    2 min read

    Last updated: January 23, 2026

    Berlin still opposes UniCredit's Commerzbank overture after share deal, says finance ministry - Headlines news and analysis from Global Banking & Finance Review
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    Tags:financial crisiscorporate governanceMergers and AcquisitionsBanking technologyInvestment management

    Quick Summary

    Berlin opposes UniCredit's takeover of Commerzbank, even after UniCredit increased its stake to 20%. The German government supports Commerzbank's independence.

    Berlin Maintains Opposition to UniCredit's Commerzbank Bid After Share Increase

    BERLIN (Reuters) -A German finance ministry said on Wednesday that the government remains opposed to a possible takeover bid by UniCredit for Commerzbank, after the Italian bank took a bigger stake in its German competitor.

    "The federal government supports Commerzbank's strategy of independence. The federal government has already made this very clear to UniCredit," a ministry spokesperson said at a regular government news conference.

    The German government, which has held shares in Commerzbank since the global financial crisis of 2008-09, will not sell its stake, added the spokesperson.

    UniCredit said on Tuesday it increased its shareholding in Commerzbank to 20% by converted derivatives it held, giving the Italian lender a bigger stake in the German competitor as it seeks to win over opposition to a possible takeover of the rival.

    The government rejects UniCredit's "once again uncoordinated and unfriendly approach," said the spokesperson.

    Both Chancellor Friedrich Merz and Finance Minister Lars Klingbeil have previously voiced opposition to any tie-up of the two European banks.

    The CEO of UniCredit last week renewed his push for a merger with Commerzbank, arguing his case in a letter to Merz.

    (Reporting by Christian Kraemer, Writing by Miranda MurrayEditing by Ludwig Burger)

    Key Takeaways

    • •Berlin opposes UniCredit's takeover bid for Commerzbank.
    • •The German government supports Commerzbank's independence.
    • •UniCredit increased its stake in Commerzbank to 20%.
    • •Chancellor Merz and Finance Minister Klingbeil oppose the merger.
    • •UniCredit's approach is seen as uncoordinated by the government.

    Frequently Asked Questions about Berlin still opposes UniCredit's Commerzbank overture after share deal, says finance ministry

    1What is the German government's position on UniCredit's takeover bid?

    The German finance ministry stated that the government remains opposed to UniCredit's possible takeover bid for Commerzbank, supporting the bank's strategy of independence.

    2What recent action did UniCredit take regarding Commerzbank?

    UniCredit increased its shareholding in Commerzbank to 20% by converting derivatives it held, which gives it a larger stake in the German bank.

    3How has the German government responded to UniCredit's approach?

    The government has rejected UniCredit's approach, describing it as 'uncoordinated and unfriendly,' and has made it clear that it will not sell its stake in Commerzbank.

    4Who in the German government has voiced opposition to the merger?

    Both Chancellor Friedrich Merz and Finance Minister Lars Klingbeil have previously expressed their opposition to any merger between UniCredit and Commerzbank.

    5What did UniCredit's CEO do to advocate for the merger?

    The CEO of UniCredit renewed his push for a merger with Commerzbank by arguing his case in a letter addressed to Chancellor Merz.

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