Latest news with #SaschaUebel
Bloomberg
2 days ago
- Business
- Bloomberg
Merz Backs Commerzbank Independence in Letter to Works Council
By and Arno Schuetze Save German Chancellor Friedrich Merz reaffirmed he wants Commerzbank AG to remain independent and opposes a takeover by the Italian lender UniCredit SpA. The German government is committed to 'a strong and independent Commerzbank,' Merz said in a written response to the leaders of the bank's works council that was published by the body's head, Sascha Uebel, on LinkedIn on Tuesday. Merz labeled UniCredit's approach as 'uncoordinated and unfriendly' and said it was 'unacceptable.'
Reuters
2 days ago
- Business
- Reuters
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.
