(Finance) – The Germany will not sell additional shares “until further notice” by Commerzbank after the partial sale of shares on September 10/11, 2024. This was stated by the National Agency for Finance, following today’s meeting of the inter-ministerial steering committee responsible for key decisions of the Financial Market Stabilization Fund (FMS).
This also includes sales relating to any share buybacks on the part of Commerzbankwe read in a note.
Commerzbank “is a stable and profitable institution – it is underlined – The The bank’s strategy is oriented towards independence. The federal government will accompany this until further notice by maintaining its shareholding.”
The decision by the National Finance Agency comes after UniCredit bought a 4.5% stake from the government this month and said it had a total holding of 9%. That made the Italian bank the second largest shareholder after the German government, which still has 12%.