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As UniCredit seeks to acquire Commerzbank, German officials are contemplating increasing their stake in the bank, currently at 12%, through state-owned bank KfW to block the takeover, while concerns grow about the implications for Germany's financial stability and the economy. #Banking #Economy #CorporateTakeover #DE #IT #US #CN
www.reuters.com
Germany ponders last-ditch plan to thwart Italian bid for Commerzbank
FRANKFURT, May 6 (Reuters) - As UniCredit prepares to take over Commerzbank, some members of Germany's government are examining a drastic step to fend off the unwanted Italian bidder by taking a bigger stake in a lender Berlin considers strategic, people involved in the matter said.