MILAN (Reuters) – Germany is taking into consideration presenting a legislation to shield residential financial institutions from cross-border requisitions, Italian paper La Repubblica reported on Sunday, as Italy’s UniCredit looks for a merging with Germany’s Commerzbank.
Berlin was surprised by UniCredit’s swoop to construct a big risk in state-backed Commerzbank, an action the Italian financial institution claims might result in a merging.
The German federal government might emulate Poland which has a legislation stopping international loan providers from acquiring 100% of any type of Polish financial institution and needs them to stay noted on the Warsaw Stock Exchange, La Repubblica stated, pointing out a resource near to the issue.
Reuters was unable to verify La Repubblica’s record.
(Reporting by Sara Rossi, editing and enhancing by Gavin Jones and Christina Fincher)
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