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Reading: Germany mulls regulation to guard banks from overseas takeovers, Italian newspaper says By Reuters
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Germany mulls regulation to guard banks from overseas takeovers, Italian newspaper says By Reuters
The Tycoon Herald > Business > Germany mulls regulation to guard banks from overseas takeovers, Italian newspaper says By Reuters
Business

Germany mulls regulation to guard banks from overseas takeovers, Italian newspaper says By Reuters

Tycoon Herald
By Tycoon Herald 1 Min Read Published October 20, 2024
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MILAN (Reuters) – Germany is contemplating introducing a regulation to guard home banks from cross-border takeovers, Italian newspaper La Repubblica reported on Sunday, as Italy’s UniCredit seeks a merger with Germany’s Commerzbank (ETR:).

Berlin was stunned by UniCredit’s swoop to construct a big stake in state-backed Commerzbank, a transfer the Italian financial institution says may result in a merger.

Germany mulls regulation to guard banks from overseas takeovers, Italian newspaper says By Reuters

The German authorities may observe the instance of Poland which has a regulation stopping overseas lenders from shopping for 100% of any Polish financial institution and requires them to stay listed on the Warsaw Inventory Alternate, La Repubblica mentioned, citing a supply near the matter.

Reuters was not in a position to affirm La Repubblica’s report.

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TAGGED:banksforeignGermanyItalianLawmullsnewspaperprotectReuterstakeovers
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