Category: bidder
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Verdi union against Commerzbank cross-border merger regardless of bidder nationality By Reuters
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ROME (Reuters) – German trade union Verdi will oppose Commerzbank’s cross-border merger even if the bidder is not an Italian bank like UniCredit, an official said on Saturday. Berlin was surprised by UniCredit’s decision to build a significant stake in state-backed Commerzbank, a move the Italian bank says could lead…