BERLIN (Reuters) -Germany’s finance ministry on Friday denied a media report that Finance Minister Lars Klingbeil could meet with his Italian counterpart to discuss UniCredit’s push for a merger with Commerzbank.<\/p>\n
“I can confirm that the minister will be travelling to Rome this weekend, but there is currently no meeting planned or foreseen,” a spokesperson said.<\/p>\n
Earlier on Friday, an Italian press report cited German financial sources as saying Klingbeil could meet Italian Economy Minister Giancarlo Giorgetti to align their positions on the matter.<\/p>\n
UniCredit’s takeover ambitions for Commerzbank have stalled due to German opposition to the plans.<\/p>\n
CEO Andrea Orcel has said UniCredit will wait until 2026 or 2027 to decide what to do with the 28% stake in Commerzbank the Italian bank has acquired, and that it will depend on the outcome of discussions with all stakeholders.<\/p>\n
Orcel has said he was waiting for the new German government to emerge and tackle more urgent matters before seeking to sit down with the new leadership to discuss Commerzbank.<\/p>\n
UniCredit sent a letter of congratulations in recent days to Berlin’s new government, a person close to the matter said.<\/p>\n
(Reporting by Friederike Heine in Berlin and Valentina Za in Milan. Editing by Rachel More and Mark Potter)<\/p>\n","protected":false},"excerpt":{"rendered":"BERLIN (Reuters) -Germany’s finance ministry on Friday denied a media report that Finance Minister Lars Klingbeil could meet…\n","protected":false},"author":2,"featured_media":109074,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5310],"tags":[49696,2000,299,49700,1824,49698,49697,49699,23774],"class_list":{"0":"post-109073","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-germany","8":"tag-commerzbank","9":"tag-eu","10":"tag-europe","11":"tag-finance-ministry","12":"tag-germany","13":"tag-italian-counterpart","14":"tag-lars-klingbeil","15":"tag-media-report","16":"tag-unicredit"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114523318997877923","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/109073","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=109073"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/109073\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/109074"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=109073"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=109073"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=109073"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}