Finance Ministry Warns Against Aggressive Takeovers

The German finance ministry's state secretary, Florian Toncar, has warned against aggressive strategies in building stakes in large, complex, and highly regulated banks like Commerzbank. Toncar emphasized that such actions carry significant risks and cautioned that stakeholder involvement is crucial.

The German finance ministry's state secretary, Florian Toncar, issued a cautionary statement on Wednesday regarding UniCredit's stake-building in Commerzbank, highlighting the significant risks tied to hostile takeovers.

Toncar stressed the importance of a thoughtful approach, urging against aggressive measures towards a large, highly regulated, and complex financial institution.

'It is not wise to proceed too aggressively with a large, highly regulated, complex bank,' Toncar noted, adding that stakeholder engagement is vital for successful transactions.

(With inputs from agencies.)