'Hostility from UniCredit, not Italy'- Scholz spokespeman

'Commerzbank case not discussed with Meloni'

By: ansa.it

Sep 27 2024
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'Hostility from UniCredit, not

German Chancellor Olaf Scholz did not discuss about the Commerzbank-UniCredit case during a phone call Thursday with Italian Premier Giorgia Meloni who has "no influence" over the actions undertaken by the Italian lender, the chancellor's spokesman Steffen Hebestreit said on Friday during a press conference in Berlin.
    He went on to say that the chancellor's statements referring to the hostility of any takeover of Commerzbank by UniCredit concerned actions that could be taken by the "bank, not by the Italian state".
    Scholz on Monday had described UniCredit's move to participate in the German bank without consultation as an "unfriendly act" which he said was not appropriate in Europe and in Germany, speaking on the sidelines of a visit to New York.
    "Unfriendly attacks, hostile takeovers are not a good thing for banks", he had said.
    Hebestreit on Friday said the chancellor had not discussed the issue with Meloni because UniCredit is "not a State bank and the Italian premier can't influence things", explaining Scholz's comments on UniCredit's actions towards Commerzbank, in which the German government owns a 12% stake.