Commerzbank Chair Calls for Review of German Takeover Rules After UniCredit Bid
10 Articles
10 Articles
Commerzbank chair calls for review of German takeover rules after UniCredit bid
BERLIN, Aug 23 (Reuters) - Commerzbank's supervisory board chair, Jens Weidmann, has called for a review of Germany's takeover rules, saying UniCredit was able to secure control of the lender without offering shareholders an adequate premium, a newsp...
Here you will find information on the topic "Commerzbank Supervisory Board Chief." Read now "Weidmann: Bund should remain a shareholder at Commerzbank for the time being".
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aachener-zeitung.de
Commerzbank's Chief Supervisory Officer Jens Weidmann continues to see the federal government as responsible for the money house – especially in view of the acquisition of Unicredit. At the same time, he warns against cuts.
Commerzbank Supervisory Board Chairman Jens Weidmann is calling for a review of German takeover law. The acquisition of a stake in Commerzbank by Italy's UniCredit raises questions because the major shareholder was able to secure a majority with a financially unattractive offer without paying Commerzbank shareholders an appropriate control premium, Weidmann told the Süddeutsche Zeitung. Of the approximately 73 percent of Commerzbank shares that …
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