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'Hostile takeovers not good for banks' - Scholz

'UniCredit's behaviour in Europe and in Germany not adequate'

Redazione Ansa

(ANSA) - ROME, SEP 23 - German Chancellor Olaf Scholz on Monday said "unfriendly attacks, hostile takeovers are not a good thing for banks", replying to a question on Italian lender UniCredit raising its stake in German bank Commerzbank on the sidelines of a visit to NEw York.
    The chancellor said the German government had made its position clear: "We believe that it is not adequate in Europe and in Germany to proceed with unfriendly methods, without any spirit of cooperation and without agreeing on anything, to participate in a company", he concluded. (ANSA).
   

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