Steven Arons

Kukies calls Italian lender's ‘unfriendly move' inappropriate Government in Berlin reacted angrily to acquisition of stake

Germany’s new finance minister used his first public speech since taking office to voice sharp criticism of the tactics UniCredit SpA used in building a major stake in Commerzbank AG.

The German government said it wouldn’t be able to thwart an acquisition of Commerzbank AG by UniCredit SpA, highlighting the limited influence it has despite its fierce opposition to the potential deal.

(Bloomberg) -- The German government said it wouldn't be able to thwart an acquisition of Commerzbank AG by UniCredit SpA, highlighting the limited influence it has despite its fierce opposition to the potential deal.

Die Bundesregierung hat erklärt, eine feindliche Übernahme der Commerzbank durch die italienische UniCredit nicht verhindern zu können. Dies zeigt, wie begrenzt ihr Einfluss trotz des erbitterten Widerstands gegen eine mögliche Transaktion ist.

Italy’s government said Wednesday that it sold a stake of 15% in Banca Monte dei Paschi di Siena SpA via a placement for about €1.1 billion.

A possible new force in Italian banking has begun to take shape, after regional lender Banco BPM SpA took a major stake in rival Banca Monte dei Paschi di Siena SpA.

New Italy Banking Force Begins to Emerge From Monte Paschi Deal Steven Arons 2 min read In This Article