Germany's Merz slams UniCredit approach to Commerzbank as 'unacceptable'
BERLIN, June 10 (Reuters) - German Chancellor Friedrich Merz criticised UniCredit's effort to build up a stake in Commerzbank on Tuesday, saying that the Italian lender's approach was unacceptable.
"I share the view of the federal minister of finance that an uncoordinated and unfriendly approach such as that of the UniCredit Group is unacceptable. This is particularly true when it comes to a systemically important bank such as Commerzbank AG," Merz wrote in a letter to labour representatives posted on LinkedIn.
The letter was dated May 26 and was posted by works council head Sascha Uebel.
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