BERLIN, March 16 (Reuters) - A hostile takeover of Commerzbank by Italy's UniCredit would be unacceptable, said a German finance ministry spokesperson. The German government is not a supervisory
German Government Rejects Hostile Takeover of Commerzbank by UniCredit
German Government's Stance on UniCredit's Takeover Attempt
Official Statement from the Finance Ministry
BERLIN, March 16 (Reuters) - A hostile takeover of Commerzbank by Italy's UniCredit would be unacceptable, said a German finance ministry spokesperson.
Role of Regulatory Authorities
The German government is not a supervisory authority, said the spokesperson, pointing to the European Central Bank and Germany's cartel office as responsible independent bodies.
Government's Position on Commerzbank's Independence
"However, the federal government's position is very clear: From our perspective, a hostile takeover would be unacceptable," said the spokesperson, adding that Commerzbank is "succeeding with its course of independence."
(Reporting by Andreas Rinke, Writing by Miranda Murray; editing by Matthias Williams)
