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German finance minister criticises UniCredit approach for Commerzbank as opaque

Published by Global Banking & Finance Review

Posted on January 20, 2025

1 min read

· Last updated: January 27, 2026

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German Finance Minister Joerg Kukies criticizes UniCredit's opaque behavior in Commerzbank takeover - Global Banking & Finance Review
The image depicts German Finance Minister Joerg Kukies addressing concerns about UniCredit's opaque approach to acquiring Commerzbank, highlighting issues in banking transparency.
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BERLIN (Reuters) - German Finance Minister Joerg Kukies on Monday said that Berlin is concerned by "intransparent, opaque behaviour" by UniCredit as part of the Italian bank's takeover interest in

German Finance Minister Critiques UniCredit's Opaque Takeover Tactics

BERLIN (Reuters) - German Finance Minister Joerg Kukies on Monday said that Berlin is concerned by "intransparent, opaque behaviour" by UniCredit as part of the Italian bank's takeover interest in Commerzbank.

"What we have concerns about in this specific case that you named is the very intransparent, opaque behaviour of the bank that you named, because we are just deeply convinced that hostile takeovers are not a recipe for success when it comes to systemically relevant banks," Kukies told reporters in Brussels.

(Writing by Rachel More; Editing by Ludwig Burger)

Key Takeaways

  • German Finance Minister Joerg Kukies criticizes UniCredit's approach.
  • Concerns raised about opaque behavior in Commerzbank takeover.
  • Berlin opposes hostile takeovers in systemically relevant banks.
  • The statement was made by Kukies in Brussels.
  • UniCredit's tactics deemed intransparent by German officials.

Frequently Asked Questions

What did the German Finance Minister say about UniCredit?
German Finance Minister Joerg Kukies expressed concerns about UniCredit's 'intransparent, opaque behaviour' regarding its interest in Commerzbank.
Why are hostile takeovers a concern for the German government?
The German government believes that hostile takeovers can lead to negative consequences, particularly when they involve opaque practices.
Who wrote the article?
The article was written by Rachel More and edited by Ludwig Burger.

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