BERLIN (Reuters) -The German government continues to oppose UniCredit’s plans to take over Commerzbank, a finance ministry spokesperson said on Monday, adding that the deal overtures were “uncoordinated and unfriendly”.
She added Berlin would not sell its shares in the German lender.
Italy’s UniCredit said on Monday it had increased its voting rights in Commerzbank to about 26% by converting more of its synthetic position into physical shares, bolstering the suitor’s position as Commerzbank’s biggest shareholder.
(Reporting by Ludwig Burger and Andreas Rinke, Editing by Friederike Heine)
