Germany Says It Can't Thwart Potential Hostile Commerzbank Deal.

The German government stated that it would not be able to prevent a potential acquisition of Commerzbank AG by UniCredit SpA due to the bank's public listing and diversified shareholder base. While Germany could block a full takeover as it owns 12% of Commerzbank, UniCredit is considering acquiring the Frankfurt-based lender to create a larger institution. The German government has criticized UniCredit's approach and expressed opposition to a hostile takeover, with UniCredit's CEO indicating a decision may take up to a year and emphasizing the importance of convincing all stakeholders, including the government, of the benefits of the merger. [Extracted from the article]