Commerzbank employees to protest the possible unicredit acquisition at the annual meeting

Written by Tom Sims

The representatives of the employees of Frankfurt (Reuters) -Merizobank employees to protest a possible acquisition by the Italian bank, indicates that resistance to any deal remains fierce.

This event is scheduled to be two hours before the annual general meeting of the German lender on May 15.

“We want to clarify once again how important the independence of Commerzbank is and that we know how to defend it,” said a letter from the representatives of the protest.

“Be there, too, it is up to all of us!” He said the message, which I saw Reuters.

Handelsblatt first reported the protest plans.

Last year, unicredit revealed that it had collected a large share in Commerzbank, which raised fears of employees, as well as the Commerzbank administration and senior German government officials.

Commerzbank and unicredit refused to comment on the protest.

Andrea Orzel, CEO of Unicredit, the institutional and political institution in Germany last year when the Italian bank captured a huge share in Commerzbank and began paying to obtain a bold attempt in the process of combining a European bank.

Unicredit’s pursuit of Commerzbank has become a test of Germany’s determination to hunt foreign suitor and prevent its financial position in Frankfurt from losing one of the remaining few major commercial banks.

Orcel said he would wait until a new government in valid in Berlin after recent elections before acting more. He also recently said that he may need to wait until 2027 to decide on following up on an agreement.

(Participated in the reports of Tom Sims, edited by Thomas Setal and Thomasz Ganeovsky)