- Bloomberg
Commerzbank Stake Sale Drives New Wedge in Scholz Coalition
(Bloomberg) -- The German government’s decision to offload about a quarter of its holding in Commerzbank AG is driving another wedge into Chancellor Olaf Scholz’s fractious ruling coalition.Most Read from BloombergAOC Proposes $30 Billion Social Housing AuthorityThe Moonshot Plan to Eliminate Deaths on America’s RoadsCalifornia’s Anti-Speeding Bill Can Be a Traffic Safety BreakthroughBelfast’s Grand Central Station Creates New Era for Northern Ireland’s Public TransportNew York City’s Transit Sy
- Reuters
Germany must oppose UniCredit takeover of Commerzbank, employees say
FRANKFURT (Reuters) -Commerzbank employees and a prominent labour union on Friday called on the German government to oppose a takeover of the German lender by Italy's UniCredit as workers fear massive job losses if a deal goes through. The joint statement from the Commerzbank works council and the Verdi union marks the starkest opposition yet by employees of a possible tie-up between the banks. The two groups said they were calling on the government "to work together with employees for a strong, independent Commerzbank".
- Barrons.com
Europe’s Banks Are Takeover Targets. 3 Stocks to Play Now.
Italy’s UniCredit has taken a 9% stake in Germany’s Commerzbank, setting the stage for a pathbreaking cross-border takeover.
