Germany won't sell more Commerzbank shares for now, finance agency says

Germany volition not merchantability immoderate much shares successful Commerzbank for the clip being and the bank's strategy is "geared towards independence," the nation's concern bureau said connected Friday.

The connection comes days aft the Italian slope UniCredit announced it had bought a 9% involvement successful Commerzbank - from the German authorities arsenic good arsenic connected the unfastened marketplace - and its main enforcement said helium wanted to research a merger.

The bureau announced that astatine a gathering connected Friday it decided it "will not, until further notice, merchantability immoderate further shares".