Learn more

Following an expression of interest in Germany’s Commerzbank by Italy’s UniCredit, the German government does not want to sell any more of its Commerzbank shares for the time being. The decision was made by the steering committee in Berlin, the German Finance Agency said on Friday. This also includes any share buybacks by Commerzbank. “Commerzbank is a stable and profitable institute. The bank’s strategy is geared towards independence. The Federal government will accompany this until further notice by maintaining its shareholding,” the Finance Agency said in a statement. Commerzbank chief exec…

cuu