German government has no plans to sell remaining stake in Commerzbank
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Italy's UniCredit stunned markets by clandestinely raising its stake in Germany's second-largest lender to 21%. As Commerzbank's management now tries to fend off a possible takeover, the government stands by its side.
German government has no plans to sell remaining stake in Commerzbank
Investors are cheering a possible tie-up between UniCredit of Italy and Germany’s Commerzbank, but politics may stand in the way.
German opposition to a takeover of Commerzbank by UniCredit is a symptom of a wider issue
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