Germany is looking into a change of takeover law, says Handelsblatt
Germany is looking into a change of takeover law, says Handelsblatt Sept 23 (Reuters) - Germany's finance ministry is looking into a change of takeover law after an increase in so-called low-ball offers, a spokesperson told Handelsblatt.
"The Federal Ministry of Finance is currently examining whether an amendment to the existing takeover law is necessary," the spokesperson told Handelsblatt, adding the review had not yet been completed.
Handelsblatt cited the takeover approach by Unicredit CRDI.MI for Germany's Commerzbank CBKG.DE as one of the triggers of the review.
(Reporting by Linda Pasquini
Editing by Ludwig Burger)((linda.pasquini@thomsonreuters.com; +48 58 7785261;))
Recent news on COMMERZBANK AG
See all newsEuropean banks seek alternative cross-border expansion strategies, Morningstar DBRS says
Deutsche Bank AG FF - Post Stabilisation Notice - Henkel EUR 3yr & 7yr
German regulator fines Nomura over Commerzbank disclosure breaches
Softs: Arabica coffee touches one-month high amid low stocks, strong Brazil currency
Softs: Arabica coffee touches one-month high amid low stocks, strong Brazil currency