Struggle for Commerzbank with Unicredit | EUROtoday

The Italian Unicredit's seize for Commerzbank is holding the Federal Ministry of Finance extra busy than the ministry, led by Christian Lindner (FDP), is keen to confess publicly. Its representatives are holding quiet about what’s going to occur subsequent. Day-to-day political enterprise continues as if nothing had occurred. Monday morning is one such occasion that guarantees to be thrilling given what occurred final week – particularly so far as these concerned are involved. The occasion will deal with the ailing securitization market in Europe. Heiko Thoms, State Secretary within the Federal Ministry chargeable for Europe, worldwide monetary coverage and monetary markets, can be talking. He is chargeable for the privatization marketing campaign by which Unicredit took motion after the Italian financial institution had beforehand secured a big block of shares in the marketplace. Unicredit now holds 9 p.c of Commerzbank. The second speaker is Manfred Knof, its CEO. This is the person with whom Commerzbank has discovered to earn a living once more and who introduced final week that he wouldn’t search a second time period in workplace.