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Germany Halts Commerzbank Share Sales to Block Any UniCredit Bid

By Yahoo! Finance   |   3 months ago
Germany Halts Commerzbank Share Sales to Block Any UniCredit Bid

Germany halts further sale of Commerzbank shares, signaling resistance to UniCredit takeover. UniCredit CEO Orcel's purchase of a 9% stake raised concerns in Berlin. Government wants Commerzbank to remain independent, opposing any merger.

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