UniCredit's formal takeover offer for Commerzbank has lifted the lid on the full roster of law firms fighting on all sides of one of Europe's biggest hostile bank battle in decades.
The offer of Unicredit has pushed the share price of the German big bank again. Is there still potential up there? And what happens to the share that the federal government currently holds?
Unintentionally, the German federal government once opened the door to the Italian bank Unicredit to take over Commerzbank. A year and a half later, the federal government seems to be considering pushing this door back - with enormous financial effort.
The Italian major bank Unicredit continues to boast of a takeover of Commerzbank. »Absolutely inappropriate«, the Federal Government now lets know. However, concrete measures are covered.