The bank Uni-Credit comes from Italy. It wants to buy the German Commerz-Bank. Uni-Credit now officially offers talks. It wants to completely take over Commerz-Bank. For this, it offers much money. It wants to pay almost 18 billion Euros.
Commerz-Bank rejects the offer. The bank's management sees no basis for talks. It prefers to stay alone. The bank has its own plan. A sale to Uni-Credit does not fit this plan. Commerz-Bank thinks the offer is too low.
Many people in Germany worry. Commerz-Bank is very important for German firms. The Federal Government also watches closely. The state still owns shares in Commerz-Bank. It wants to protect the bank. A dispute between the banks could last long.
