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Italy rejects German push to move UniCredit HQ to Frankfurt in Commerzbank deal

Italy rejects German push to move UniCredit HQ to Frankfurt in Commerzbank deal

Italy has rejected German demands for UniCredit to relocate its headquarters to Frankfurt in the event of a Commerzbank takeover, calling the idea self-evidently unacceptable. Economics Minister Giancarlo Giorgetti stated after a cabinet meeting that Italy would not support moving UniCredit’s central functions to Germany, a position echoed by the bank’s spokesperson, who confirmed the … Weiterlesen …