Exclusive: Commerzbank considers buying German rival to ward off UniCredit, sources say https://t.co/9bFkhVC8SZ https://t.co/EWJAPUeXb8
Exclusive: Commerzbank considers buying German rival to ward off UniCredit, sources say https://t.co/P7lFYk7hDZ https://t.co/PmSbzB0s8J
Germany’s new finance minister used his first public speech since taking office to voice sharp criticism of the tactics UniCredit used in building a major stake in Commerzbank. https://t.co/JDLNMZIe29
Commerzbank is reportedly exploring the acquisition of a domestic rival as part of a defensive strategy against UniCredit, which has recently increased its stake in the German bank. Potential targets for the acquisition include Hamburg Commercial Bank and Oldenburgische Landesbank, according to sources familiar with the matter. This development follows sharp criticism from Germany’s new finance minister regarding UniCredit's tactics in building its stake in Commerzbank, marking a significant moment in the ongoing competitive landscape of the German banking sector.